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Question - Jackson Company purchased goods with the following terms and details:Sales price, $15,000

Terms, 3/10, n/30

Date of sale, May 6

Date of payment, May 16

Returns and allowances (before payment), $2,200

Shipping, FOB Destination, $340, prepaid by seller

Compute the amount that Jackson Company has to pay to the seller for the goods.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92582368
  • Price:- $25

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