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The following information has been extracted from the books of Samuel, a trader in foodstuffs. 2015 May 1 Sold goods to Ben, list price $200,
The following information has been extracted from the books of Samuel, a trader in foodstuffs. 2015 May 1 Sold goods to Ben, list price $200, less 10% trade discount. 5 Ben paid of his account by cheque and was allowed a cash discount of 5%. REQUIRED a) Amount of trade discount and amount to be to be recorded as sales. b) Amount of cash discount allowed and amount of cheque received
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