Purchased merchandise from blue company under the following

Assignment Help Accounting Basics

Reference no: EM13603811

Purchased merchandise from Blue Company under the following terms: $4,600 price, invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point.Paid $258 for shipping charges on the April 2 purchase.

Returned to Blue Company unacceptable merchandise that had an invoice price of $500.Sent a check to Blue Company for the April 2 purchase, net of the discount and the returned merchandise.

Purchased merchandise from Fox Corp. under the following terms: $9,650 price, invoice dated April 18, credit terms of 2/10, n/30, and FOB destination.After negotiations, received from Fox a $2,702 allowance on the April 18 purchase.Sent check to Fox paying for the April 18 purchase, net of the discount and allowance.

Reference no: EM13603811

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Purchased merchandise from blue company under the following : purchased merchandise from blue company under the following terms 4600 price invoice dated april 2 credit terms of 215

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