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How much is the amount recorded in the cash payments

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Question - The company purchased appliances for sale worth P4,000,000, VAT exclusive on account under the terms: Less: 10%, 2/10, n/30 FOB shipping point freight collect, P50,000. The buyer paid within the discount period. How much is the amount recorded in the cash payments journal upon issuance of check for payment within the discount period?

Reference no: EM133063755

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