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This information relates to Rana Co. On April 5, purchased merchandise on account from Craig Company for $25,000, terms 2/10, net/30, FOB shipping point.

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This information relates to Rana Co. On April 5, purchased merchandise on account from Craig Company for $25,000, terms 2/10, net/30, FOB shipping point. On April 6, paid freight costs of $900 on merchandise purchased from Craig Company. 1. 2. 3. On April 7, purchased equipment on account for $30,000. 4. On April 8, returned some of April 5 merchandise, which cost $2,800, to Craig Company. Cin Company in full

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