How much should Quatro remit to Tres on December 12?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How much should Quatro remit to Tres on December 12?
Transcribed Image Text:2. On December 1, TRES Company sells P3,000 of merchandise on
5 points
account to QUATRO with credit terms of 2/10, net/30. Two days after, the
buyer returned P500 worth of merchandise due to defects. How much
should Quatro remit to Tres on December 12? *
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