During the month of October, a customer has purchased sports equipment from their supplier, Victory Sports Ltd.
Question:
During the month of October, a customer has purchased sports equipment from their supplier,
Victory Sports Ltd. Based on the information given to you, prepare the invoice and credit note for this customer. Company Victory Sports' address is 7788 Winners' Circle, Montreal, QC H2K 2L4. Info Telephone number 514-875-4125.
Sales Businesses buying from Victory receive a 2% discount if the invoice is paid within Policy 5 days, 1% discount if paid within 10 days, and full amount due within 30 days. Shipments are made through Canpar. Victory Sports offers a 10% volume discount to purchase of items in quantities of 12 or more. Businesses pay on account while individuals can pay cash or by credit card. Interest is charged at 18% on all outstanding balances.
General Early payment discount is calculated before taxes. Info The sales taxes used are the following: 5% GST 9.975% QST Both taxes are calculated on the selling price.
Customer Mark Delonghi, 1638 Francoeur Street, Montreal, Quebec, H3T 4S5 Telephone number 514-381-0250 Client number 4545.
18(a) .On October 12, 20xx, Mr. Delonghi ordered the following:
6 boxes of tennis balls (pkg of 5) @ $12.85 each box
2 tennis racquets @ $62.95 each racquet
Prepare invoice 12122 for the items shipped that day.
Mr. Delonghi is paying with his Visa card number 4530-1256-3272
18 b. On October 15, the customer contacted the company because one racquet has the handle scratched. Victory Sports agreed to lower the price to $56 if the customer kept the racquet. Since the customer agreed to keep the racquet, prepare credit note no. 1642 to reflect the change in price
18 c. On October 16, 20xx prepare cheque number 7502 sent by the customer. Show your calculations below the cheque.
18 d. On October 16, 20xx prepare cheque number 7502 sent by the customer. Assume that early payment discounts is calculated after taxes. Show your calculations below the cheque.
Expert Answer:
18a INVOICE Victory Sports Ltd 7788 Winners Circle Montreal QC H2K 2L4 Telephone 5148754125 INVOICE ... View the full answer
