Question: Spring Co bought merchandise from All Co with terms 2 10

Spring Co. bought merchandise from All Co. with terms 2/10, n/30. Joanne Ring, the bookkeeper, forgot to pay the bill within the first 10 days. She went to Mel Ryan, the head accountant, who told her to backdate the check so that it looked like the bill was paid within the discount period. Joanne told Mel that she thought they could get away with it. Should Joanne and Mel backdate the check to take advantage of the discount? You make the call. Write down your specific recommendations to Joanne.

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  • CreatedApril 24, 2014
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