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Please answer both questions. I really need it. Thanks a lot! Fehr Company sells merchandise on account for $7,500 to Kelly Company with credit terms
Please answer both questions. I really need it. Thanks a lot!
Fehr Company sells merchandise on account for $7,500 to Kelly Company with credit terms of 2/10. n/30. Kelly Company returns $1,500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? $7,350$7,380$6,000$5,880 Question 14 - Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: An end of the month (1/31/2022) inventory showed that 240 units were on hand. If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month? $1,782 $1,818 $3,600 $2,400 Step by Step Solution
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