Determine the amount to be paid in full settlement of each of the following invoices, assuming that
Question:
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discountperiod.
Transcribed Image Text:
Returns and Allowances Merchandise Paid by Seller Freight FOB destination, n/30 FOB shipping point, 2/10, n/30 FOB shipping point, 1/10, n/30 FOB shipping point, 2/10, n/30 FOB destination, 2/10, n/30 $ 800 1,200 $15,000 S400 8,250 2,900 3,850 750 400 125
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (15 reviews)
a 14200 15000800 b 902...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Accounting questions
-
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid...
-
Determine the amount to be paid in full settlement of each of invoices (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid...
-
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid...
-
5.2-1 Dielectric Media. Identify the media described by the following equations, regarding linearity, dispersiveness, spatial dispersiveness, and homogeneity. (a) = x - av x 8, (b) + a2 = (c) a, 8/a1...
-
Spencer Corp. reported accounts receivable of $28,000 on its December 31, 2016, balance sheet. On December 31, 2017, accounts receivable had decreased to $22,000. Sales for the year amounted to...
-
In the EV charging market, Chargepoint sells subscription software enabling bigger customers to manage charging vehicles themselves. This is an example of profit pyramid model O advertising model O...
-
As the statistician on a multidisciplinary research team, you are asked to create a randomization scheme to assign three treatments A, B, and $\mathrm{C}$, to 150 units in blocks of 6 . The scheme...
-
Gourmet Helper Appliance Company manufactures home kitchen appliances. The manufacturing process includes stamping, final assembly, testing, and shipping. In the stamping operation, a number of...
-
What is a fair price of a 28-year semi-annual coupon bond, with a coupon rate of 5.15%, a face value of $1000, and a yield-to-maturity of 9.81%? What is the yield?
-
Vorsche Motor Company reported results for the fiscal year ended 12/31/2013, which included the following disclosures: Select balances as of 12/31/2013 Gross PP&E 28,519.0 Net PP&E 16,597.0...
-
Journalize entries for the following related transactions of Westcoast Diagnostic Company: a. Purchased $25,000 of merchandise from Presidio Co. on account, terms 2/10, n/30. b. Paid the amount owed...
-
A sale of merchandise on account for $13,750 is subject to an 8% sales tax. (a) Should the sales tax be recorded at the time of sale or when payment is received? (b) What is the amount of the sale?...
-
Environmental Corporation specializes in the production and sale of eco-friendly packaging. In 2014, Environmental reported net income (earnings) in excess of analyst expectations. This included a...
-
What has prevented the starvation predicted by Thomas Malthus and others?
-
If health is a human right, what role does communication serve in advancing that right?
-
What four broad categories of problems can prevent free markets from allocating resources efficiently?
-
The rates of HIV among African Americans are disproportionately higher than other Americans. How might a scientific, interpretive, or critical researcher approach solving this health disparity? What...
-
Which ethical theory do you feel has the strongest influence on policymakers in your family, local area, and nation? For which of these sets of policymakers would you most like to see a change in...
-
An information technology director collected the names and locations of key vendors, current hardware configuration, names of team members, and an alternative processing location. What is the...
-
(a) How far away can a human eye distinguish two ear headlights 2.0 m apart? Consider only diffraction effects and assume an eye pupil diameter of 5.0 mm and a wavelength of 550 nm. (b) What is the...
-
Refer to Exercise 3. Alter your data set so that the classification changes for different values of k. Data From Exercise 3 Make up a set of three records, each with two numeric predictor variables...
-
Moss Manufacturing Inc. is a job shop. The management of Moss Manufacturing uses the cost information from the job sheets to assess their cost performance. Information on the total cost, product...
-
Long Board Company Manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for May: In addition,...
-
Kid Stuff Inc. is in the business of developing, promoting, and selling childrens videos. The company developed a new DVD video, called Jake the Sleepy Old dog, on January 1, 2012. For the first six...
-
The organisation at which you are employed is keen to use Artificial Intelligence to improve an area of work. This area of work might be related to processes, products, or services. However, your...
-
How do demographic stochasticity, environmental variation, and dispersal dynamics interact to shape the spatial and temporal dynamics of populations within heterogeneous landscapes?
-
A company sells merchandise on November 2 at a $4,000 invoice price with terms of 2/10, n/30. The goods cost $2,000. The company uses the net method to record invoices. The customer pays the balance...
Study smarter with the SolutionInn App