Garber Company made sales to two customers. Both sales were on credit terms of 2/10, n/30. Customer A purchased $30,000 of goods, returned none, and paid in 9 days. Customer B purchased $40,000 of goods, returned, and was given credit for $4,000 of goods and paid in 25 days. What was the net revenue from these two customers? a. $70,000 b. $66,000 c. $65,400 d. Some other amount
Garber Company made sales to two customers. Both sales were on credit terms of 2/10, n/30. Customer A purchased $30,000 of goods, returned none, and paid in 9 days. Customer B purchased $40,000 of goods, returned, and was given credit for $4,000 of goods and paid in 25 days. What was the net revenue from these two customers? a. $70,000 b. $66,000 c. $65,400 d. Some other amount
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 3EA: Consider the following transaction: On March 6, Fun Cards sells 540 card decks with a sales price of...
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Transcribed Image Text:Garber Company made sales to two customers.
Both sales were on credit terms of 2/10, n/30.
Customer A purchased $30,000 of goods, returned
none, and paid in 9 days. Customer B purchased
$40,000 of goods, returned, and was given credit
for $4,000 of goods and paid in 25 days. What was
the net revenue from these two customers?
a. $70,000
b. $66,000
c. $65,400
d. Some other amount
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