On June 1, 2022, Evangeline Bata Forest Products sold merchandise with a P120,000 fist price. AOCKE...

Transcribed Image Text:

On June 1, 2022, Evangeline Bata Forest Products sold merchandise with a P120,000 fist price. AOCKE B Trade Discount 30% 40% ABCDE 20% 40% Required: For each of the sales terms, determine the following: 1) the amount recorded as sale 2) the amount of cash received. Credit Terms 2/10, n/30 1/10, n/30 2/10, n/30 1/15, n/30 n/30 Recorded as Sale Date Paid June B June 15 June 11 June 14 June 28 Cash Received On June 1, 2022, Evangeline Bata Forest Products sold merchandise with a P120,000 fist price. AOCKE B Trade Discount 30% 40% ABCDE 20% 40% Required: For each of the sales terms, determine the following: 1) the amount recorded as sale 2) the amount of cash received. Credit Terms 2/10, n/30 1/10, n/30 2/10, n/30 1/15, n/30 n/30 Recorded as Sale Date Paid June B June 15 June 11 June 14 June 28 Cash Received

Answer rating: 100% (QA)

To calculate the amount recorded as a sale and the amount of cash received for each sales term well use the given information and apply the relevant d... View the full answer