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Business, 27.06.2020 20:01 clydeben4543

On June 1, 2010, Penny Corp. sold merchandise with a list price of $20,000 to Linn on account. Penny allowed trade discounts of 30% and 20%. Credit terms were 2/15, n/40 and the sale was made f. o.b. shipping point. Penny prepaid $400 of delivery costs for Linn as an accommodation. On June 12, 2010, Penny received from Ison a remittance in full payment amounting to:. a. $10,976.
b. $11,368.
c. $11,376.
d. $11,196.

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On June 1, 2010, Penny Corp. sold merchandise with a list price of $20,000 to Linn on account. Penny...

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