CISES 5 The following is a list of the purchase invoices of Super Styles Stores
ID: 2399539 • Letter: C
Question
CISES 5 The following is a list of the purchase invoices of Super Styles Stores and other related data for the month of January: Supplier Amount Terms Date of Cost of Of Invoice Merchandise paid Subsequently Returned A Super Discounts P5,000 Jan. 8 Jan 18 Marketing 10,0002/10, Jan. 17 n/30 B. High Quality 1,000 Jan 28 8,000 2/10, Jan. 23 n/30 C. Bactad 2,000 Feb 2 Merchandising D. Anna-Belle erprise 15,000 3/10, Jan. 29 1/20, n/45 500 Feb 27 E Home 7,5002/10,Jan. 30 EOM, n/30 Feb 10 Required Compute in good form the amounts of cash paid by Super Styles Stores for the invoices above.Explanation / Answer
Supplier Amount of Invoice Terms Cost of Merch. Return Net amount after return Date of Invoice Date paid (Amount in P) A Super Discounts Marketing 5,000.00 n/30 - 5,000.00 Jan-08 Jan-18 B High Quality Goods 10,000.00 2/10, n/30 1,000.00 9,000.00 Jan-17 Jan-28 C Bactad Merchandising 8,000.00 2/10, n/30 2,000.00 6,000.00 Jan-23 Feb-02 D Anna-Belle Enterprise 15,000.00 3/10, 1/20, n/45 500.00 14,500.00 Jan-29 Feb-27 E Home Decors Stores 7,500.00 2/10, EOM, n/30 - 7,500.00 Jan-30 Feb-10 Discount received Cash to be paid A Super Discounts Marketing - 5,000.00 B High Quality Goods - 9,000.00 C Bactad Merchandising 120.00 5,880.00 D Anna-Belle Enterprise - 14,500.00 E Home Decors Stores 150.00 7,350.00 41,730.00