Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company purchased p20,000 of merchandise on july

A company purchased P20,000 of merchandise on July 5 with terms 20% and 10% trade...

80.2K

Verified Solution

Question

Accounting

image
A company purchased P20,000 of merchandise on July 5 with terms 20% and 10% trade discount, 2/10, n/30. On July 7, it returned P1,000 worth of merchandise. Determine the total cash payment assuming that the full amount due was paid on July 15

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Within the realm of capital budgeting the majority of projects are not new product lines or...

Finance
Q

Answer the following for the reaction: Pb(NO3)2(aq) + 2KCl (aq) ⟶ PbCl2(s) + 2KNO3(aq) a) How many grams...

Chemistry
Q

The Sheldon Corporation began a consulting business specializing in on-site computer training on January 1, 2018....

Accounting
Q

What are the three ways in which natural selection can change a distribution of traits

Biology
Q

P Given function f x y x y 147x 243y 3 Find the critical points...

Calculus
Q

During 2023, Robin, a C corporation, had revenues of $380,000 and operating expenses of $220,000....

Accounting
Q

Crackle Cellular is approached by Tingle, a new customer to fulfill a large one-time-only special...

Accounting
Q

Knowledge Check 01 Activities Activity Rates Assembly $ 14.35 per machine-hour Processing Orders $ 47.85...

Accounting
Q

Use the balance sheets and information provided about revenue and expenses to answer the question...

Accounting
Q

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on...

Accounting
Q

Question Completion Status: 20 5 6 7 Moving to another question will save this response....

Accounting
Q

Dee Trader opens a brokerage account and purchases 200 shares of Internet Dreams at 512...

Finance