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-   -   Michelin Jewelers completed the following transactions. (https://www.askmehelpdesk.com/showthread.php?t=670877)

  • Jun 14, 2012, 11:48 AM
    margfranics1
    Michelin Jewelers completed the following transactions.
    Michelin Jewelers completed the following transactions. Michelin Jewelers uses the perpetual inventory system. On April 2, Michelin sold $9,000 of merchandise to a customer on account with terms of 3/15, n/30. Michelin’s cost of the merchandise sold was $5,500. On April 4, the customer reported damaged goods and Michelin granted a $1,000 sales allowance. On April 10, Michelin received payment from the customer. How much cash was received from the customer?
  • Jun 14, 2012, 12:22 PM
    Curlyben
    What have you done so far and where are you having problems ?

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