transportation is prepaid by the seller, and that the invoice is paid within the 20. A sales invoice included the following information: merchandise price, P4,000. transportation, P300; terms 1/10, n/eom, FOB shipping point. Assuming that e credit for merchandise returned of P600 is granted prior to payment, that transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller? a. P3,366 b. P3,400 C. P3,666 d. P3,950
transportation is prepaid by the seller, and that the invoice is paid within the 20. A sales invoice included the following information: merchandise price, P4,000. transportation, P300; terms 1/10, n/eom, FOB shipping point. Assuming that e credit for merchandise returned of P600 is granted prior to payment, that transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller? a. P3,366 b. P3,400 C. P3,666 d. P3,950
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...
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