Business, 11.02.2020 01:33 freebyyy7032

May 11 sydney accepts delivery of $40,000 of merchandise it purchases for resale from troy: invoice dated may 11; terms 3/10, n/90; fob shipping point. the goods cost troy $30,000. sydney pays $345 cash to express shipping for delivery charges on the merchandise. 12 sydney returns $1,400 of the $40,000 of goods to troy, who receives them the same day and restores them to its inventory. the returned goods had cost troy $1,050. 20 sydney pays troy for the amount owed. troy receives the cash immediately.

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May 11 sydney accepts delivery of $40,000 of merchandise it purchases for resale from troy: invoice...