On October 1, Awesome Company purchased P6,000 worth of merchandise on terms 2/10, n/30. Awesome paid...
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On October 1, Awesome Company purchased P6,000 worth of merchandise on terms 2/10, n/30. Awesome paid freight of P500 and returned goods worth P1,000. If the company pays on October 10, how much was the cash payment? On October 1, Awesome Company purchased P6,000 worth of merchandise on terms 2/10, n/30. Awesome paid freight of P500 and returned goods worth P1,000. If the company pays on October 10, how much was the cash payment?
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To calculate the cash payment we need to determine the net amount of the merchandis... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Posted Date:
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