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    margfranics1's Avatar
    margfranics1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 14, 2012, 11:48 AM
    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?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jun 14, 2012, 12:22 PM
    What have you done so far and where are you having problems ?
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