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What amount is received from the customer as full remittance

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Problem 1: On June 1, 2020 Russia Company sold merchandise with a list price of P1,000,000 to a customer. The entity allowed trade discounts of 20% and 10%. Credit terms were 5/10, n/30 and the sale was made FOB shipping point. The entity prepaid P50,000 of delivery cost for the customer as an accommodation. On June 11, 2020, what amount is received from the customer as full remittance?

Reference no: EM132945617

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