Mathematics, 20.10.2020 02:01, hello137348474747
On June 10, Carla Vista Company purchased $8,500 of merchandise on account from Martinez Company, FOB shipping point, terms 2/10, n/30. Carla Vista pays the freight costs of $490 on June 11. Damaged goods totaling $400 are returned to Martinez for credit on June 12. The fair value of these goods is $80. On June 19, Carla Vista pays Martinez Company in full, less the purchase discount. Both companies use a perpetual inventory system.
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On June 10, Carla Vista Company purchased $8,500 of merchandise on account from Martinez Company, FO...
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