On November 3, FDN Trading sold merchandise for P180,000 less 15-10 on terms 3/10 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 P72,000. The account was finally paid in full on November 23. How much was the net sales generated from the above transactions?
On November 3, FDN Trading sold merchandise for P180,000 less 15-10 on terms 3/10 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 P72,000. The account was finally paid in full on November 23. How much was the net sales generated from the above transactions?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 7DQ
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