During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system.. The sequence of events was as follows: Date Transaction Jan.6 Sold goods for $1250 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $440. Jan 10 Sold goods to Randall Corp for $1810 with terms 2/15, n/30. The goods cost Pearson $790. Jan 19 Collected cash due from Kate Inc. What is the net sales from these transactions?
During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system.. The sequence of events was as follows: Date Transaction Jan.6 Sold goods for $1250 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $440. Jan 10 Sold goods to Randall Corp for $1810 with terms 2/15, n/30. The goods cost Pearson $790. Jan 19 Collected cash due from Kate Inc. What is the net sales from these transactions?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system.. The sequence of events was as follows:
|
Date |
Transaction |
|
Jan.6 |
Sold goods for $1250 to Kate Inc. with terms 2/15, n/30. The goods cost Pearson $440. |
|
Jan 10 |
Sold goods to Randall Corp for $1810 with terms 2/15, n/30. The goods cost Pearson $790. |
|
Jan 19 |
Collected cash due from Kate Inc. |
What is the net sales from these transactions?
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