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QUESTION 12 2/2 Fairfield Retailer purchased from Tom Wholeseller, on account, merchandises valued at $15,000. FOB Destination for $1,500 paid by cash. Credit terms were
QUESTION 12 2/2 Fairfield Retailer purchased from Tom Wholeseller, on account, merchandises valued at $15,000. FOB Destination for $1,500 paid by cash. Credit terms were 3/10. n/30. Fairfield Retailer uses the Perpetual Inventory System 2/5 Fairfield Retailer returned mechandises to Lom Wholeseller valued at $4,000. 2/12 Fairfield Retailer settled the account with Tom Retailer How much cash did Fairfield Retailer paid Tom Retailer on 2/127 la. $10.650 6. $10.780 1 c. $10,670 d. $11,000 QUESTION 13
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