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Purchase of IBM compatibles - P328,000 Purchases of commercial software packages - P90,000 Returns and allowances - P8,000 Purchase discounts taken - P2,700 Purchases were
Purchase of IBM compatibles - P328,000
Purchases of commercial software packages - P90,000
Returns and allowances - P8,000
Purchase discounts taken - P2,700
Purchases were made throughout the year on terms 3/10, n/60. All returns and allowances took place within 5 days of purchase prior to any payment of account. Purchase discount lost during the year is?
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