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theressatraylor
Aug 3, 2009, 08:02 AM
A 60-day, 10% note for $8,000, dated April 15, is received from a customer on account. The face value of the note is
A) $8,600
B) $7,200
C) $8,800
D) $8,000


Paid $49 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.

Does this amount get journalized to Merchandise Inventory (transportation-in) or to Postage?

morgaine300
Aug 3, 2009, 03:55 PM
This belongs over under Accounting & Finance. Also please read the guidelines for posting homework problems:
Ask Me Help Desk - Announcements in Forum : Homework Help (https://www.askmehelpdesk.com/math-sciences/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)