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11. A retailer purchases merchandise with a catalog list price of P10,000. The retailer be needed to pay this invoice within the discount period? receives a 25% trade discount and credit terms of 2/10, n/30. How much cash will P10,000 P7,500 P9,800 d. P7,350 a. b. C. 12. Which of the following accounts, will only be found in the chart of accounts of merchandising company? a. Sales b. Accounts Receivable C. Merchandise Inventory d. Accounts Payable

11. A retailer purchases merchandise with a catalog list price of P10,000. The retailer be needed to pay this invoice within the discount period? receives a 25% trade discount and credit terms of 2/10, n/30. How much cash will P10,000 P7,500 P9,800 d. P7,350 a. b. C. 12. Which of the following accounts, will only be found in the chart of accounts of merchandising company? a. Sales b. Accounts Receivable C. Merchandise Inventory d. Accounts Payable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A retailer purchases merchandise with a catalog list price of P10,000. The retailer be needed to pay this invoice within the discount period? either the buyer or the seller receives a 25% trade discount and credit terms of 2/10, n/30. How much cash will d. 11. P10,000 b. P7,500 P9,800 d. P7,350 a. C. 12. which of the following accounts, will only be found in the chart of accounts of a merchandising company? a. Sales b. Accounts Receivable C. Merchandise Inventory d. Accounts Payable - If title to merchandise purchases passes to the buyer when the goods are delin to the buyer, the terms are consigned a.
Transcribed Image Text:A retailer purchases merchandise with a catalog list price of P10,000. The retailer be needed to pay this invoice within the discount period? either the buyer or the seller receives a 25% trade discount and credit terms of 2/10, n/30. How much cash will d. 11. P10,000 b. P7,500 P9,800 d. P7,350 a. C. 12. which of the following accounts, will only be found in the chart of accounts of a merchandising company? a. Sales b. Accounts Receivable C. Merchandise Inventory d. Accounts Payable - If title to merchandise purchases passes to the buyer when the goods are delin to the buyer, the terms are consigned a.
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