On November 3, FDN Trading sold merchandise for P170,000 less 10-5 on terms 3/1O 2/20 n/30. Two days after, the customer returned P10,000 worth of defective goods. On November 13., the customer made a partial payment of P80,000. The account was finally paid in full on November 23. How much cash was recelved by FDN Trading on November 23?

On November 3, FDN Trading sold merchandise for P170,000 less 10-5 on terms 3/1O 2/20 n/30. Two days after, the customer returned P10,000 worth of defective goods. On November 13., the customer made a partial payment of P80,000. The account was finally paid in full on November 23. How much cash was recelved by FDN Trading on November 23?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 2PB: Record journal entries for the following transactions of Mason Suppliers. A. Sep. 8: Purchased 50...

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