FDN Trading purchased an item with a catalogue price of P65,000. The invoice c November 1, 2021 indicates less 20%, trade discount and 2/10, n/30. The invoi also indicates that the term of the shipment is FOB shipping point. The seller pa freight of P1,000 since the shipping company refuses to load the cargo unless th freight is prepaid. How much is the final amount paid by FDN Trading assuming that payment is m within the discount neriod?

FDN Trading purchased an item with a catalogue price of P65,000. The invoice c November 1, 2021 indicates less 20%, trade discount and 2/10, n/30. The invoi also indicates that the term of the shipment is FOB shipping point. The seller pa freight of P1,000 since the shipping company refuses to load the cargo unless th freight is prepaid. How much is the final amount paid by FDN Trading assuming that payment is m within the discount neriod?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 1MC: The balance in Ashwood Companys accounts payable account at December 31, 2019, was 1,200,000 before...

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