- a. Sold merchandise for cash (cost of merchandise $12,797). $19,200 b. Received?merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $120).
200
c. Sold merchandise (costing $2,850) to a customer, on account with terms 2/10, n/30. 6,000
d. Collected half of the balance owed by the customer in (c) within the discount period. 2,940
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 96
What are the Cost of goods using the information below?
- Posted:
- 3+ months ago by dpettway
- Topics:
- information, below, cash, cost, customer, good, merchandise
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