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On May 5, FDN Trading sold merchandise for P1,900,000 lesk 10-5 on terms 20% down, and the balance 3/10, 2/20, n/30. Two days after, the customer returned P200,000 worth of defective goods.. The account was finally paid in full on May 25. How much was the net sales generated from the above transactions?

On May 5, FDN Trading sold merchandise for P1,900,000 lesk 10-5 on terms 20% down, and the balance 3/10, 2/20, n/30. Two days after, the customer returned P200,000 worth of defective goods.. The account was finally paid in full on May 25. How much was the net sales generated from the above transactions?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On May 5, FDN Trading sold merchandise for P1,900,000 less 10-5 on terms 20% down, and the balance 3/10, 2/20, n/30. Two days after, the customer returned P200,000 worth of defective goods.. The account was finally paid in full on May 25. How much was the net sales generated from the above transactions?
Transcribed Image Text:On May 5, FDN Trading sold merchandise for P1,900,000 less 10-5 on terms 20% down, and the balance 3/10, 2/20, n/30. Two days after, the customer returned P200,000 worth of defective goods.. The account was finally paid in full on May 25. How much was the net sales generated from the above transactions?
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