Correct answer is d. $14,164 | |
Cash should be received | |
Merchandise Purchase | 14,400 |
Less: Merchandise returned | 800 |
13,600 | |
Less: Discount (13,600 x 1%) | 136 |
Add: Freight | 700 |
14,164 | |
A sales invoice included the following information: merchandise price, $14,400; terms 1/10, /eom, FOB shipping point...
Calculator A sales invoice included the following information: merchandise price, $10,900; terms 1/10, 1/com, FOB shipping point with prepaid freight of $800 added to the invoice. Assuming that a credit for merchandise returned of $800 is granted prior to payment and the invoice is paid within the discount period, what is the amount of cash that should be received by the seller? Oa. $12,383 Ob. $11,591 Oc. $792 Od. $10,799 Previous Next
A sales invoice included the following information: merchandise price, $7,700; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,200 added to the invoice. Assuming that a credit for merchandise returned of $1,000 is granted prior to payment and the invoice is paid within the discount period, what is the amount of cash that should be received by the seller? a.$990 b.$7,833 c.$9,813 d.$8,823
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counting for Merchandising Businesses + PE 6-3B Sales transactions OBJ. 2 Journalize the following merchandise transactions: a. Sold merchandise on account, $92,500 with terms 1/10, 1/30. The cost of the mer- chandise sold was $55,500. b. Received payment less the discount. c. Issued a credit memo for returned merchandise that was sold for $10.400 terms n/30. The cost of the merchandise returned was $6,500. PE 6-4A Freight terms OBJ. 2 Determine the amount to be paid in full settlement of...