question archive May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30)
May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30)
Subject:AccountingPrice: Bought3
May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30). May 11 Received payment from Chinook Tractor Company for the May 2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received $5,040. on May 10 and returned for credit. The amount of the return was: 00 May 15 Recorded the cash sales for the first half of the month. The total retail price for the merchandise is: $25,000. 00 The wholesale cost of the merchandise is: $15,750. 00 May 17 Received merchandise and an invoice dated May 14, terms 2/10, n/60, from The Kipp Corp. $14,500.
