For the Birds, Inc. (Birds) sells seed to the Robin and Qriole Co. (Robin). On January 28th, Birds sold $9,600 of seed to Robin with the sales terms 2/10, n/30, Free On Board Destination. Thecost of transportation was $160 and the cost to insurance was $40. The seed arrved at Robin on February 3rd.

Requirement:

(A) On what date will Birds record the sale of the seed?

(B) On what date will Robin record the seed as lnventory?

(C) Which company (Birds or Robin) will pay the cost of transportation and insurance?
(D) On what date does the Discount Period begin?

Answer rating: 100% (QA)

A Birds will record the sale of the seed on January ... View the full answer