What is the amount of the cash discount allowable

Assignment Help Accounting Basics

Reference no: EM13144039

Merchandise subject to terms 1/10 n/30, FOB shipping point, is sold on account to a customer for $18,000. The seller paid transportation cost pf $1000 and issued a credit memorandum for $5,000 prior to payment. What is the amount of the cash discount allowable?

Reference no: EM13144039

Questions Cloud

What is the first step in the reaction sequence of aldol : What is the first step in the reaction sequence of Aldol reactions under basic conditions? a. Removal of the aldehyde proton b. Removal of an alpha proton to form the enolate

What was is the balance of irving capital account : The partnership pays Gst $100,000 cash for her partnership interest.After Gast's retirement, what was is the balance of Irving's capital account ?

Calculate the ph of a buffer : Calculate the pH of a buffer made with 0.50M phosphoric acid and 0.75M sodium dihydrogenphosphate. Ka = 7.5 x 10-3.

Check all that apply water is important to life because : Check all that apply Water is important to life because: - it does not dissolve certain substances - it causes brownian motion - it is colorless and odorless

What is the amount of the cash discount allowable : Merchandise subject to terms 1/10 n/30, FOB shipping point, is sold on account to a customer for $18,000. The seller paid transportation cost pf $1000 and issued a credit memorandum for $5,000 prior to payment. What is the amount of the cash disco..

What is total value of sam permanent equity accounts : Year-to-date revenues are $702,498 and year-to-date expenses are $618,207. What is the total value of Sam’s permanent equity accounts as of June 30th?

What is the value of ka for hx : A 0.100 M solution of a weak acid, HX, has a pH of 2.110. What is the value of Ka for HX?

How much would overwood be paid for an hours : If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours?

Whats marks marginal cost function : How much is his fixed cost? How much is his variable cost and at what level of production is his average cost minimum

User Account

All Pages