On August 3, 2018, Pogi Traders Purchased from a supplier merchandise with a list price of P50,000, subject to a trade discount of 15%. The goods were purchased on terms 2/10,1/15,n/30, FOB Destination. Pogi paid P2,500 transportation costs. On August 7, Pogi returned merchandise with a list price of P10,000. On August 14, Pogi paid the amount due. The amount paid on August 14 is.
On August 3, 2018, Pogi Traders Purchased from a supplier merchandise with a list price of P50,000, subject to a trade discount of 15%. The goods were purchased on terms 2/10,1/15,n/30, FOB Destination. Pogi paid P2,500 transportation costs. On August 7, Pogi returned merchandise with a list price of P10,000. On August 14, Pogi paid the amount due. The amount paid on August 14 is.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On August 3, 2018, Pogi Traders Purchased
from a supplier merchandise with a list
price of P50,000, subject to a trade
discount of 15%. The goods were purchased
on terms 2/10,1/15,n/30, FOB Destination.
Pogi paid P2,500 transportation costs. On
August 7, Pogi returned merchandise with a
list price of P10,000. On August 14, Pogi
paid the amount due. The amount paid on
August 14 is.
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