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Merchandise is soldon account to a customer for $82,500, terms GEB shipping point, 3/10, n/30. The seller paid the freight of $6,300. Determine the amount of the sale.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...

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Merchandise is soldon account to a customer for $82,500, terms GEB shipping point, 3/10, n/30. The seller paid the freight of $6,300. Determine the amount of the sale.

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