please refund the question. i figured out the answer! tia On April 3, Leaven...

70.2K

Verified Solution

Question

Accounting

image
please refund the question. i figured out the answer! tia
On April 3, Leaven Company sold $10,000 of merchandise on account to Planter Corporation, terms 4/10, n/30, FOB shipping point. Leaven's cost of sales for this merchandise was $5,000. The merchandise left Leaven's facility on April 4 and arrived at Planter on April 10. Planter paid the invoice for the merchandise on April 11. On April 3, Leaven Company sold $10,000 of merchandise on account to Planter Corporation, terms 4/10, n/30, FOB shipping point. Leaven's cost of sales for this merchandise was $5,000. The merchandise left Leaven's facility on April 4 and arrived at Planter on April 10. Planter paid the invoice for the merchandise on April 11

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students