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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.

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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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.
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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