Purchased goods for cash R10 000 and received a trade discount of 5%
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Purchased goods for cash R10 000 and received a trade discount of
5%
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- Purchased goods for cash R10 000 and receid a trade discount of 5%. Who to record this using perpetual inventory systemPurchased goods billed at $15000 subject to cash discount terms 2/10, n/60An item retailing for P10,000, subject to a trade discount of 25%, is paid for within the discount period on terms 2/10, n/30. What is the amount of payment? a. P7,350 b. P10,000 c. P7,400 d. P7,500
- general journal Return good bought from Ali amounting to Rm20 and settle amount due by cash after receiving discount of 5%Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for P15,000. The seller paid transportation costs of P1,000 and issued a credit memorandum for P5,000 prior to payment. What is the amount of the cash discount allowable? P160P150P100P140A purchase invoice shows 10 items priced at $120 less trade discount 20%. A cash discount of 2½% is allowed if settlement is made within the allowed credit period. How much will be paid if the cash discount applies? A $1,170 B $1,200 C $936 D $960
- APPROPRIATE LEDGER ACCOUNT FOR RETURNED GOODS WORTH RM150 TO SHAHThe amount of discount to be recorded if the invoice is paid within the discount period on a purchase of goods having a list price of $1,600, subject to a trade discount of 25 percent with terms 2/10, n/30, is a.$24. b.$30. c.$29.40. d.$21. e.$450.Merchandise subject to terms 4/15, n/28, FOB shipping point, is sold on account to a customer for $35,000. What is the amount of the cash discount allowed in case the customer pays within the discount period? Select one: a. $1,400 b. $9,800 c. $1,500 d. $5,250
- Merchandise subject to terms 3/10, n/25, FOB shipping point, is sold on account to a customer for $20,000. What is the amount of the sales discount allowed in case the customer pays within the discount period? Select one: a. $600 b. $460 c. $150 d. $260Trade discounts of 20/10 may be taken on an invoice that totals $938.50. This amount includes prepaid freight of $26.50. Sales terms are 2/10, n/30 Find the amount due if the invoice is paid within the discount period.18. Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold account to a customer for P15,000. The seller paid transportation costs ot P1,000 and issued a credit memorandum for P5,000 prior to payment. What i the amount of the cash discount allowable? a. P160 b. P150 c. P140 d. P100