SELC Problem #1 Trade and Cash Disco ne 1, 2018, Eleno Buray Jr. Forest Products...
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SELC Problem #1 Trade and Cash Disco ne 1, 2018, Eleno Buray Jr. Forest Products sold merchandise with a P120,000 list price Trade Discount 30% 40% Credit Terms Date Paid a. b. C. d. e. 2/10, n/30 1/10, n/30 2/10, n/30 1/15, n/30 n/30 June 8 June 15 June 11 June 14 June 28 20% 40% Required: For each of the sales terms, determine the following: 1. the amount recorded as a sale. 2. the amount of cash received
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