On March 1, 2020, Stair Company sold merchandise to Vanessa for P45,000 on terms 25% down...

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On March 1, 2020, Stair Company sold merchandise to Vanessa for P45,000 on terms 25% down and the balance 2/10 n/30. The next day, Vanessa returned defective goods worth P2,500. On March 5, Vanessa made a partial payment of P5,000. Finally, Vanessa paid her account in full on March 11, 2020. In Stair's books, the Sales Discount to be recorded on March 11, 2020 amounted to : On March 1, 2020, Stair Company sold merchandise to Vanessa for P45,000 on terms 25% down and the balance 2/10 n/30. The next day, Vanessa returned defective goods worth P2,500. On March 5, Vanessa made a partial payment of P5,000. Finally, Vanessa paid her account in full on March 11, 2020. In Stair's books, the Sales Discount to be recorded on March 11, 2020 amounted to :

Answer rating: 100% (QA)

To calculate the sales discount recorded on March 11 2020 we need to determine the amoun... View the full answer