Business, 24.03.2020 01:01, rakanmadi87

On June 1, 2020, Sheffield Corp. sold merchandise with a list price of $76500 to Ivanhoe on account. Sheffield allowed trade discounts of 30% and 20%. Credit terms were 3/15, n/40 and the sale was made f. o.b. shipping point. Sheffield prepaid $950 of delivery costs for Ivanhoe as an accommodation. On June 12, 2020, Sheffield received from Ivanhoe a remittance in full payment amounting to .

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On June 1, 2020, Sheffield Corp. sold merchandise with a list price of $76500 to Ivanhoe on account....