Question: PLEASE HELP !!! Freight Terms a. b. Purchases Transactions a. If Flounder Company pays the invoice within the discount period, what is the amount of

PLEASE HELP !!!

amount of cash required for the payment? b. What account is credited

Freight Terms a. b. Purchases Transactions a. If Flounder Company pays the invoice within the discount period, what is the amount of cash required for the payment? b. What account is credited by Flounder Company to record the return? During the current year, merchandise is sold for $151,300 cash and $482,900 on account. The cost of merchandise sold is $469,300. What is the amount of the gross profit

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