1. Business
  2. Accounting
  3. more info feb 3 purchased 3600 of merchandise inventory on...

Question: more info feb 3 purchased 3600 of merchandise inventory on...

Question details

More Info Feb. 3 Purchased $3,600 of merchandise inventory on account under terms 1/10, nEOM and FOB shipping point. 7 Returned $800 of defective merchandise purchased on February 3 9 Paid freight bill of $100 on February 3 purchase. 10 Sold merchandise inventory on account for $4,500. Payment terms were 3/15, n/30. These goods cost the company $2,250. and the discount debt 12 Paid amount owed on credit purchase of February 3, less the return 28 Received cash from February 10 customer in full settlement of their Print Done
Assume the sales at the net amount Round all numbers to the nearest whole dellar More Info purchased on February 3 9 Paid fheight bil of $100 on February 3 purchase 10 Sold wew 3/1S, 30 These goods coel the company 82,250 12 Paid amount owed on credit purchase of February 3 less the retum the discount Print Done
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution