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Show complete solution. The following transactions of Vice Guapo occurred in the order given: (a) Sold merchandise to Darren, P30,000. Terms: 2/15. n/30: FOB Shipping
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The following transactions of Vice Guapo occurred in the order given: (a) Sold merchandise to Darren, P30,000. Terms: 2/15. n/30: FOB Shipping Point, Freight Prepaid; (b) Darren returned defective merchandise with sales price of P1,500: (c) Paid transportation cost for the above sale, P450: (d) After 12 days, collected in full the account of Darren. From the above transactions, what is the amount of net sales to be recognized by Vice Guapo from the sales made to Darren Step by Step Solution
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Using Microsoft Excel And Access 20 For Accounting
Authors: Glenn Owen
5th Edition
133751229X, 9781337512299
