Homework Answers
The Golden company would receive the net amount from Rams company within 30 days which can be calculated as net of gross sales and sales return
Amount to be received = 100000 - 12000
= 88000
Cost of goods sold is a cost for Golden company and does not affect the receivable balance of Rams Company
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The Golden Company sold merchandise to Rams Company on account (n/30) for $100,000. The cost of...
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