Credit for returned merchandise

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Reference no: EM13906897

Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise from Botham Company for $32,400, terms 3/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $860 on merchandise purchased from Botham. 3. On April 7, purchased equipment on account for $40,000. 4. On April 8, returned damaged merchandise to Botham Company and was granted a $6,800 credit for returned merchandise. 5. On April 15, paid the amount due to Botham Company in full.

Reference no: EM13906897

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