Majestic Manufacturing sold Jordans Furniture a living room set for an $8,580 list price with 30% trade discount. The $140 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was June 07. Jordans received the goods on July 26 and paid the invoice on July 28. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.) Final price 6,146.00 %24

Majestic Manufacturing sold Jordans Furniture a living room set for an $8,580 list price with 30% trade discount. The $140 freight (FOB shipping point) was not part of the list price. Terms were 3/10, n/30 ROG. The invoice date was June 07. Jordans received the goods on July 26 and paid the invoice on July 28. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.) Final price 6,146.00 %24

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 1PA: Record journal entries for the following transactions of Furniture Warehouse. A. Aug. 3: Sold 15...

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