Question
Sanchez Company purchased goods with the following terms and details: Sales price, $5,000 Terms, 2/10, n/30 Date of sale, November 2 Date of payment, November
Sanchez Company purchased goods with the following terms and details:
Sales price, $5,000 Terms, 2/10, n/30 Date of sale, November 2 Date of payment, November 12 Returns and allowances (before payment), $200 Shipping, FOB Shipping Point, $305, prepaid by seller
Compute the amount that Sanchez Company has to pay to the seller for the goods.
Amount that paid is to the seller ?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
