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is dated on September 15 with terms of 1/15, net 45. If Zea Co. chooses not to the discount, by when should the payment be made? September 3o October 30 7. a. b. C. October 15 d. September 25 recorded on the sel

is dated on September 15 with terms of 1/15, net 45. If Zea Co. chooses not to the discount, by when should the payment be made? September 3o October 30 7. a. b. C. October 15 d. September 25 recorded on the sel

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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C. d. P80, September 25 7. Apple Co sells merchandise on credit to Zea Co in the amount of P8,000. The i is dated on September 15 with terms of 1/15, net 45. If Zea Co. chooses not se the discount, by when should the payment be made? September 3o b. a. d. October 30 13. to the bu If title to с. d. October 15 cor September 25 n/ b. Discounts taken by a buyer because of early payment are recorded on the seller, a. 8. C. accounting records as d. a. Purchases discount 14. Ac a. b. Sales discount C. Trade discount d. Early payment discount 9. Who should pay the freight costs when the terms are FOB shipping point? a. the ultimate customer b. the buyer c. the seller d. either the seller or the buyer hould pthe freisht.co the terms are FOB destination? the seller the buyer
Transcribed Image Text:C. d. P80, September 25 7. Apple Co sells merchandise on credit to Zea Co in the amount of P8,000. The i is dated on September 15 with terms of 1/15, net 45. If Zea Co. chooses not se the discount, by when should the payment be made? September 3o b. a. d. October 30 13. to the bu If title to с. d. October 15 cor September 25 n/ b. Discounts taken by a buyer because of early payment are recorded on the seller, a. 8. C. accounting records as d. a. Purchases discount 14. Ac a. b. Sales discount C. Trade discount d. Early payment discount 9. Who should pay the freight costs when the terms are FOB shipping point? a. the ultimate customer b. the buyer c. the seller d. either the seller or the buyer hould pthe freisht.co the terms are FOB destination? the seller the buyer
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