Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $19,500. What is the amount of sales discount allowable? O $199 O $134 O $390 O $189

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The 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.

Denger

Sales-related transactions Sayers Co. sold merchandise on account to a customer for $86,000 terms 1/10, n/30. The cost of the goods sold was $66,000. a. Journalize Sayers' entries to record the sale, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it bla b. Journalize the receipt of payment within the discount period. If an amount box does not require an entry, leave it blank. c. Journalize the entry to record the receipt of payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank. Previous Next Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Gr APR étv

Sh39

21-The buyer received an invoice from the seller for merchandise with list price of RO 7500 and credit terms of 2/10 and n/30. The number 10 in the credit term is: a. Percentage of Cash Discount b. Credit period c. Discount period d. Trade discount

Merchandise is purchased for $3,300 on September 2 subject to terms of 2/10, n/30, FOB destination. Freight costs paid by the seller totaled $193. What is the cost of the merchandise if paid on September 12, assuming the discount is taken? Oa. $3,493 Ob. $3,559 Oc. $3,234 Od. $3,168

what is the Credit for partial payment knowing that information?

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