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  • BSA401 Prob1Solutions

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    Mayy Pineda
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    This document outlines costs associated with a transaction. It lists amounts for various line items including: payment of $20,000; freight of $50,000; inventory of $70,000; freight paid by Anecito of $5,000; additional freight of $5,000; expenses of $10,000; total inventory of $90,000; returns of $6,000; no other listed amounts; no other listed amounts; returns deduction of $8,000; and returns credit of $18,000 for a total of $266,000.

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    BSA401-Prob1Solutions

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    This document outlines costs associated with a transaction. It lists amounts for various line items including: payment of $20,000; freight of $50,000; inventory of $70,000; freight paid by Anecito of $5,000; additional freight of $5,000; expenses of $10,000; total inventory of $90,000; returns of $6,000; no other listed amounts; no other listed amounts; returns deduction of $8,000; and returns credit of $18,000 for a total of $266,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    BSA401 Prob1Solutions

    Uploaded by

    Mayy Pineda
    This document outlines costs associated with a transaction. It lists amounts for various line items including: payment of $20,000; freight of $50,000; inventory of $70,000; freight paid by Anecito of $5,000; additional freight of $5,000; expenses of $10,000; total inventory of $90,000; returns of $6,000; no other listed amounts; no other listed amounts; returns deduction of $8,000; and returns credit of $18,000 for a total of $266,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Solution

    1. P 20,000
    2. 50,000
    3. 70,000
    4. 5,000 (the fact that Anecito pays the freight, the term then is FOB shipping point)
    5. 5,000
    6. 10,000
    7. 90,000
    8. 6,000
    9. –
    10. –
    11. ( 8,000)
    12. 18,000 (this is still included in the inventory since the goods has a return privilege)
    P266,000

    Answer:
    1. b 2. a 3. c

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