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On February 20, 2023, LIME COrporation sold merchandise with a list price of ₱ 150,000 to Durian on account. Lime allowed trade discounts of 30% and 20%. Credit terms were 2.15, n/40 and the sale was made FOB shiiping poiny. Lime prepaid ₱ 6,000 of delivery costs for Durian as an accomodation. What amount should Durian remit to LIME as full payment of March 7, 2023? A. ₱ 82,320 B. ₱ 88,200 C. ₱ 88,320 D. ₱ 94,200

On February 20, 2023, LIME COrporation sold merchandise with a list price of ₱ 150,000 to Durian on account. Lime allowed trade discounts of 30% and 20%. Credit terms were 2.15, n/40 and the sale was made FOB shiiping poiny. Lime prepaid ₱ 6,000 of delivery costs for Durian as an accomodation. What amount should Durian remit to LIME as full payment of March 7, 2023? A. ₱ 82,320 B. ₱ 88,200 C. ₱ 88,320 D. ₱ 94,200

Intermediate Accounting: Reporting And Analysis
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
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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On February 20, 2023, LIME COrporation sold merchandise with a list price of ₱ 150,000 to Durian on account. Lime allowed trade discounts of 30% and 20%. Credit terms were 2.15, n/40 and the sale was made FOB shiiping poiny. Lime prepaid ₱ 6,000 of delivery costs for Durian as an accomodation.

What amount should Durian remit to LIME as full payment of March 7, 2023?

A. ₱ 82,320

B. ₱ 88,200

C. ₱ 88,320

D. ₱ 94,200

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