Hale Company sold merchandise on account for P1,500 to Kear Company with credit terms of 2/10,...
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Hale Company sold merchandise on account for P1,500 to Kear Company with credit terms of 2/10, n/30. Freight-out paid for by Hale is P200. Kear Company returned P300 of merchandise that was damaged, along with a check to settle the account within the discount period. What was the amount of the check? Hale Company sold merchandise on account for P1,500 to Kear Company with credit terms of 2/10, n/30. Freight-out paid for by Hale is P200. Kear Company returned P300 of merchandise that was damaged, along with a check to settle the account within the discount period. What was the amount of the check?
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1 Determine the net amount of the merchandise purchased by Kear Comp... View the full answer
Related Book For
Principles of Financial Accounting chapters 1-17
ISBN: 978-1259687747
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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