Record the following purchase transactions of Custom Kitchens Inc. Oct. 6 Oct. 9 Oct. 20 Purchased 230
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Record the following purchase transactions of Custom Kitchens Inc.
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Oct. 6 Oct. 9 Oct. 20 Purchased 230 cabinet doors on credit at a cost of $46 per door. Shipping charges are an extra $2 cash per door and are not subject to discount. Terms of the purchase are 5/15, n/35, FOB Shipping Point, invoice dated October 6. Purchased 100 cabinet doors with cash at cost of $40 per door. Shipping charges are an extra $3.25 cash per door and are not subject to discount. Terms of the purchase are FOB Destination. Custom Kitchens Inc. pays in full for their purchase from October 6.
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Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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