The following transactions occurred between Jonson, Inc and SeverCo, Enterprises in January 20X8: January 10 - Jonson purchased merchandise from SeverCo for $80,000; terms 3/10, n/60, FOB destination. January 15

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The following transactions occurred between Jonson, Inc and SeverCo, Enterprises in January 20X8: January 10 - Jonson purchased merchandise from SeverCo for $80,000; terms 3/10, n/60, FOB destination. January 15 - Jonson received the merchandise.

The following transactions occurred between Jonson, Inc, and SeverCo, Enterprisesr inJanuary 20X8:January 10- Jonson purchased merchandise from SeverCo for $80,000; terms3/15/EOM, n/60, [ FOB destination.January 11 - SeverCo paid freight of $750.January 15 - Jonson received the merchandise.January 23 - SeverCo returned $5,000 of goods purchased because they were not the proper color that was ordered. January 30 - SeverCo received payment-in-full, from Jonson.(True) or (False)? Jonson, Inc. owns the inventory on January 14. FALSE. ]

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Asked 1/21/2022 10:06:48 PM

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