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How penny received from linn remittance in payment amount

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Problem 1: On June 1, 2020, Penny Enterprise sold merchandise with a list price of P20,000 to Linn on account. Penny allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made FOB Shipping Point. Penny prepaid P400 of delivery costs for Linn as an accommodation. On June 12, 2020, Penny received from Linn a remittance in full payment amounting to how much?

Reference no: EM132683483

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