Solution-Calculate the amount to be recorded as a purchase

Calculate the amount to be recorded as a purchase return

Reference no: EM132440813

Question - Industries records purchases at net amounts. On May 5 Industries purchased merchandise on account, $90000, terms 2/10, n/30. Industries returned $6900 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid.

Calculate the amount to be recorded as a purchase return?

$6210.

$6762.

$7038.

$6900.

Reference no: EM132440813

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Calculate the amount to be recorded as a purchase return

Reference no: EM132440813

Reference no: EM132440813

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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