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Why would a seller grant an allowance to a buyer

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Reference no: EM13536048

1. Quality Cellular Co. paid $80 for freight on merchandise that it had purchased for resale to customers (transportationin) and paid $135 for freight on merchandise delivered to customers (transportation-out). What account is debited for the $80 payment? What account is debited for the $135 payment?

2. Why would a seller grant an allowance to a buyer of the seller's merchandise?

3. Dyer Department Store purchased goods with the terms 2/10, n/30. What do these terms mean?

Reference no: EM13536048

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