flynwildozfuf5
15.04.2020 •
Business
Purchase-Related Transactions The Stationery Company purchased merchandise on account from a supplier for $14,500, terms 2/10, n/30. The Stationery Company returned merchandise with an invoice amount of $3,500 and received full credit. a. If The Stationery Company pays the invoice within the discount period, what is the amount of cash required for the payment? $ b. Under a perpetual inventory system, what account is credited by The Stationery Company to record the return?
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Ответ:
10,780
Explanation:
Cash required for payment
= Net purchases * (100-discount)%
= (14,500-3,500) * (100-2)%
= 10,780
B) Inventory
As the asset has to be reduced
Ответ: