Question 36 PROBLEM A Our Blues Business sells Php 350,000 of merchandise on account to Wannabe...
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Question 36 PROBLEM A Our Blues Business sells Php 350,000 of merchandise on account to Wannabe Co. with credit terms of 5/15, n/45. If Wannabe Co. remits a cash payment taking advantage of the discount offered, Wannabe Co 's check should be in the amount of PBlank 1. Blank 1 Add your answer Question 37 Blank 1 Add your answer PROBLEM B On September 12, 2021, Woo Young sells merchandise on account for Php 1,750,000 to Hanbada Trading with credit terms of 2/15, n/30. Hanbada Trading returns Php 450,000 worth of merchandise that was damaged, along with a wire transfer to settle the account on September 26,2021. What is the amount of the wire transfer payment? PBlank 1 Question 38 2 Points Question 39 2 Points PROBLEM C Narda Mdsg. made sale on account for Php 700,000 on July 15, terms 4/8, n/30, on which a return of Php 37,000 is granted on July 18. What amount is to be received as payment on July 24? PBlank 1. Blank 1 Add your answer Blank 1 Add your answer 2 Points 2 Points PROBLEM D Hot Saws sells merchandise on account for Php 1,500,000 to High Pyuchur with credit terms of 5/15, n/30. High Pyuchur returns Php 300,000 of merchandise that was damaged, along with a check to settle the account outside the discount period. What is the amount of the payment? PBlank 1. Question 36 PROBLEM A Our Blues Business sells Php 350,000 of merchandise on account to Wannabe Co. with credit terms of 5/15, n/45. If Wannabe Co. remits a cash payment taking advantage of the discount offered, Wannabe Co 's check should be in the amount of PBlank 1. Blank 1 Add your answer Question 37 Blank 1 Add your answer PROBLEM B On September 12, 2021, Woo Young sells merchandise on account for Php 1,750,000 to Hanbada Trading with credit terms of 2/15, n/30. Hanbada Trading returns Php 450,000 worth of merchandise that was damaged, along with a wire transfer to settle the account on September 26,2021. What is the amount of the wire transfer payment? PBlank 1 Question 38 2 Points Question 39 2 Points PROBLEM C Narda Mdsg. made sale on account for Php 700,000 on July 15, terms 4/8, n/30, on which a return of Php 37,000 is granted on July 18. What amount is to be received as payment on July 24? PBlank 1. Blank 1 Add your answer Blank 1 Add your answer 2 Points 2 Points PROBLEM D Hot Saws sells merchandise on account for Php 1,500,000 to High Pyuchur with credit terms of 5/15, n/30. High Pyuchur returns Php 300,000 of merchandise that was damaged, along with a check to settle the account outside the discount period. What is the amount of the payment? PBlank 1.
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Q 36 Sales of merchandise on account 350000 Less Sales Discount 5 350000 17500 Amount 332500 Q 37 ... View the full answer
Related Book For
Accounting Information Systems Controls and Processes
ISBN: 978-1119329565
3rd edition
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
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