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Problem Gold Whale purchased the following during the month. The entity observes the policy that all returns are made one day after goods are received

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Problem Gold Whale purchased the following during the month. The entity observes the policy that all returns are made one day after goods are received and that all purchases are paid within the discount period. List Price FOB Terms Freight Purchase Credit Trade Charge Returns terms Discount and Allowances P 224,000 Shipping P 4,000 P 21,000 2/10, n/30 30 % Pt. B 126,000 Destination 9,000 1/10, n/30 20% 90,000 Shipping 2,000 7,000 2/10, n/30 Pt. 1,000 9,000 n/30 25% D 41,000 Shipping Pt. 14,000 24,000 3/10, 1/30 20% E 357,000 Destination - Required: tahla ahove, calculate the amount needed to settle each purchase

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