Question;During January the following transactions occurred;8-Jan;Purchased $5,900 of;merchandise from The Chocolate Shop.;Terms 2/15, n/45, FOB;shipping point. The Chocolate Shop prepaid $350 in shipping and added it to;the invoice;10-Jan;Purchased $350 of;supplies on account from The Office Barn;Terms 2/10, n/30, FOB;destination;14-Jan;Sold $950 (cost $500) of;merchandise on account to Maple Fair.;Terms 3/15, n/45, FOB;destination;15-Jan;Paid $75 freight charges;to deliver goods to Maple Fair;17-Jan;Returned $1400 of the;merchandise purchased on January 8 and received credit;18-Jan;Sold $650 (cost $350) of;merchandise to cash customers;19-Jan;Paid for the supplies;purchased on January 10;22-Jan;Paid the Chocolate Shop;the amount due from the January 8 purchase in full;24-Jan;Maple Fair returned $175;(cost $100) of merchandise from the January 14 sale;25-Jan;Purchased $2100 of;inventory for cash;28-Jan;Received payment in full;from Maple Fair for the January 14 sale.
Paper#37445 | Written in 18-Jul-2015Price : $22