.On Dec 31, 20X1 ABC Corp sold goods at P250,000 on account. The shipping costs was P20,000. The terms of the sale are FOB destination, freight collect. The buyer received the goods on Jan 5, 20X2 and settled the account. How much cash was received from the buyer? 210,000 230,000 250,000 270,000

.On Dec 31, 20X1 ABC Corp sold goods at P250,000 on account. The shipping costs was P20,000. The terms of the sale are FOB destination, freight collect. The buyer received the goods on Jan 5, 20X2 and settled the account. How much cash was received from the buyer? 210,000 230,000 250,000 270,000

Name: 36.On Dec 31, 20X1 ABC Corp sold goods at P250,000 on account. The shi
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Description: 36.On Dec 31, 20X1 ABC Corp sold goods at P250,000 on account. The shipping costs was P20,000. The terms of the sale are FOB destination, freight collect. The buyer received the goods on Jan 5, 20X2 and settled the account. How much cash was received

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 17Q: A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300....

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