Solution-Calculate the gross selling price used to record

Calculate the gross selling price used to record the sal

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Reference no: EM132500948

Question 1: Lasky Company sold merchandise with a list price of $72,000 on July 1. For each of the following independent assumptions, Calculate (1) the gross selling price used to record the sale and (2) the amount that the buyer would have to remit when paying the invoice.

Trade Discount Granted	Credit Terms	Date Paid
a. 30%, 20%	2/10, n/30	July 10
b. 40%, 10%	2/EOM, n/60	August 10
c. 30%, 10%,	5% 3/10/EOM, n/60	August 10
d. 40%	1/10, n/30	July 12

Reference no: EM132500948

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Calculate the gross selling price used to record the sal

Reference no: EM132500948

Reference no: EM132500948

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