eline Company purchased an item of merchandise quoted and listed at P150,000 under the following terms: Trade discounts of 15%, 10%, 5%, 2/10%, n/30%. How much was the cash payment if settlement was made within the discount period?

A sale of merchandise on account for $12,000 is subject to an 8% sales tax. (a)  Should the sales tax be recorded at the time of sale or when payment is received?At the time of sale  (b)  What is the amount of the sale?$fill in the blank 2 (c)  What is the amount of the increase to Accounts Receivable? If required, round your answers to nearest whole value.$fill in the blank 3 (d)  What is the title of the account in which the $960 (12,000 x 8%) is credited?Sales Tax Payable

The company purchased merchandise for ₱54,252 less 2 less 2 on terms 2/10, n/30.  How much should the company pay if the account was paid in full within the discount period?

Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.     Merchandise Freight Paid by Seller     Returns and Allowances a. $21,800   -     FOB shipping point, 1/10, n/30 $1,100   b. 12,000   $500     FOB shipping point, 1/10, n/30 1,400   c. 6,500   -     FOB destination, 1/10, n/30 600   d. 2,900   100     FOB shipping point, 1/10, n/30 400   e. 3,600   -     FOB destination, 1/10, n/30 -     a.  $fill in the blank 1 b.  $fill in the blank 2 c.  $fill in the blank 3 d.  $fill in the blank 4 e.  $fill in the blank 5