Solved: Ramirez company purchased goods with the following terms, Accounting Basics

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Ramirez company purchased goods with the following terms

Problem - Ramirez Company purchased goods with the following terms and details:

Sales price, $9,000

Terms, 3/10, n/30

Date of sale, April 1

Date of payment, April 11

Returns and allowances (before payment), $800

Shipping, FOB Shipping Point, $300, prepaid by seller

Required: Compute the amount that Ramirez Company has to pay to the seller for the goods.

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Accounting Basics: Ramirez company purchased goods with the following terms

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Accounting Basics: Ramirez company purchased goods with the following terms

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