The Peel Trading Company received an invoice dated Oct 2, 2021, for $9,230.00 less 25% and...

 

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The Peel Trading Company received an invoice dated Oct 2, 2021, for $9,230.00 less 25% and 15%, terms 5/10, 2/30, n/60.______ a) What is the invoice amount? b) What are the last days of the two discount periods? c) How much was paid on Oct 11 to reduce the unpaid balance to $4,000.00? How much was paid on Oct 30 to reduce the unpaid balance by $1,500.00? e) What was the account balance on Oct 31? d) The Peel Trading Company received an invoice dated Oct 2, 2021, for $9,230.00 less 25% and 15%, terms 5/10, 2/30, n/60.______ a) What is the invoice amount? b) What are the last days of the two discount periods? c) How much was paid on Oct 11 to reduce the unpaid balance to $4,000.00? How much was paid on Oct 30 to reduce the unpaid balance by $1,500.00? e) What was the account balance on Oct 31? d)

Answer rating: 100% (QA)

a To calculate the invoice amount ... View the full answer