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What is the full remittance from the customer

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Reference no: EM132601697

Question 1: On June 1, 2020, an entity sold merchandise with a list price of P5,000,000 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 P100,000 of delivery cost for the customer as an accommodation. On June 11, 2020, what is the full remittance from the customer?

a. 3,600.000

b. 3,420,000

c. 3,700,000

d. 3,520,000

Reference no: EM132601697

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