Customers paid their remaining balances during the week

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Reference no: EM131263271

On October 1, the Business Students’ Society (BSS) placed an order for 100 golf shirts at a unit cost of $20, under terms 2/10, n/30. 2. The order was received on October 10, but 20 golf shirts had been damaged in shipment. 3. On October 11, the damaged golf shirts were returned. 4. On October 12, BSS complained that the remaining golf shirts were slightly defective so the supplier granted a GL $100 allowance. 5. BSS paid for the golf shirts on October 13. 6. During the first week of October, BSS received student and faculty orders for 80 golf shirts, at a unit price of $37.50, on terms 2/10, n/30. 7. The golf shirts were delivered to these customers on October 18. Unfortunately, customers were unhappy with the golf shirts, so BSS permitted them to be returned or gave an allowance of $12.50 per shirt. 8. On October 21, one-half of the golf shirts were returned. 9. On October 22, the remaining 40 customers were granted the allowance on account. 10. The customers paid their remaining balances during the week of October 25.

Reference no: EM131263271

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