Merchandise was delivered fob shipping point

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Purchases inventory costing $5,600 on account from Smoot Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $500 were paid in cash.

Reference no: EM13144095

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Merchandise was delivered fob shipping point : Purchases inventory costing $5,600 on account from Smoot Company under terms 2/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $500 were paid in cash.
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To support your work : To support your work, make sure to utilize your course and text readings. When asked, also utilize outside sources. As in all assignments, make sure to cite and provide references for your sources utilizing APA format.

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