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P500,000 worth of inventory was sold on account. FOB shipping point. The seller pays P15,000 to the shipping company, on behalf of the buyer, which
P500,000 worth of inventory was sold on account. FOB shipping point. The seller pays P15,000 to the shipping company, on behalf of the buyer, which is added to the Seller's invoice. The credit terms offered by the seller are 2/10, n/ 30. The invoice was paid during the discount period, how much cash will the eller receive for this transaction? O P504,700 P515,000 O P505,000 O P500,000
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