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Oriole Company completed the following transactions in October: Oriole uses a perpetual inventory system. Credit Sales Sales Returns Date of Date Amount Terms Date
Oriole Company completed the following transactions in October: Oriole uses a perpetual inventory system. Credit Sales Sales Returns Date of Date Amount Terms Date Amount Collection Oct. 3 $800 2/10, n/30 Oct. 8 Oct. 11 1,500 3/10, n/30 Oct. 14 Oct. 17 5,500 1/10, n/30 Oct. 20 $300 Oct. 16 1,250 Oct. 29 Oct. 21 1,740 2/10, n/30 Oct. 23 Oct. 23 6,900 2/10, n/30 Oct. 27 440 Oct. 27 500 Oct. 28 (a) Indicate the cash received for each collection. Show your calculations.
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