Question
Rivera Company purchased goods with the following terms and details:Sales price, $12,000 Terms , 3/10, n/30 Date of sale, May 5 Date of payment, May
Rivera Company purchased goods with the following terms and details:Sales price, $12,000
Terms, 3/10, n/30
Date of sale, May 5
Date of payment, May 15
Returns and allowances (before payment), $1,200
Shipping, FOB Destination, $85, prepaid by seller
Compute the amount that Rivera Company has to pay to the seller for the goods.
Amount that is paid to the seller:$______________
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
