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ony’s market recorded the following events involving a recent purchase of inventory: received goods for $80,000, terms 2/10, n/30. returned $1,600 of the shipment for credit. paid $400 freight on the shipment. paid the invoice within the discount period. as a result of these events, the company’s inventory

Answer :

Increased by $ 78,800 Term 2/10, N/30 denotes pa.

What are freight shipment?

The movement of commodities is the first step in the freight shipping process. Freight shipping is the movement of a substantial quantity of commodities, whether domestically or globally by air.

Freight transportation typically necessitates a lengthy shipping procedure. There are several other modes of transportation. Pallets, containers, and other substantial shipment units are frequently used.

Large quantities of commodities are delivered either domestically or internationally via air, land, or sea in freight shipping. Pallets or large, durable containers are used to load the items for shipment using one or more modes of transportation.

Dry vans, flatbeds, temperature control units, and other bigger carriers are examples of freight shipping equipment. Your freight delivery will determine what you ship with.

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