An invoice for $3868, dated June 26, had terms 2/10, 1/20, n/45. What amount was credited for:
Question:
a. A payment of $1000 on July 5?
b. Apaymentof$1000onJuly16?
c. A payment of $1000 on August 10?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
Payments on or before June 26 10 days July ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The Bike and Hike Outlet is a retail store. Transactions involving purchases and cash payments for the firm during June 2016 are listed below as are the general ledger accounts used to record these...
-
The Fashion Rack has a monthly accounting period. The firms chart of accounts is shown below and on the next page. The journals used to record transactions are the sales journal, purchases journal,...
-
On June 29, Josef received an invoice for $815.49, dated June 27. If the terms of the invoice are 2/10, 1/20, n/60, what amount is required on July 7 to pay the invoice in full?
-
A manufacturer claims that the average tensile strength of thread A exceeds the average tensile strength of thread B by at least 12 kilograms. To test his claim, 50 pieces of each type of thread are...
-
Use the following information for Palmer Co. to compute inventory turnover for 2011 and 2010, and its days' sales in inventory at December 31, 2011 and 2010. (Round answers to one decimal.) Comment...
-
Draw the diagram of a 741 op-amp operated from 15-V supplies with Vi(-) = 0 V and Vi( + ) = +5 V. Include terminal pin connections.
-
Demonstrate an understanding of the accounting for unrestricted and restricted contributions. AppendixLO1
-
On January 1, 2010, the Field Company acquired 40% of the North Company by purchasing 8,000 shares for $144,000 and obtained significant influence. On the date of acquisition, Field calculated that...
-
Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sells items for $10 each and used a budgeted selling price of $10 per...
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
On June 3, Josh made a payment of $500 on an invoice for $1283.50, dated May 25. The terms of payment were 3/10, n/30. What amount was credited to Joshs account?
-
Contemporary Furnishings received an invoice on April 18 from Palliser Furniture. The invoice for $18,976.45 was dated April 16 with terms 2/15, 1/30, n/45. a. What is the balance after a payment of...
-
Use the data for Great Gadget, Inc. from E5-8B. From E5-8B Cash ............. $ 9,300 Equipment ......... 39,800 Accounts Payable ...... 6,300 Common Shares ..... 25,000 Long-Term Notes Payable .......
-
When CH4(g) reacts with O2(g) to form CO2(g) and H2O(g), 192 kcal of energy are evolved for each mole of CH4(g) that reacts. Write a balanced equation for the reaction with an energy term in kcal as...
-
Ben Rogers, Judy Wilkinson, and Henry Walker were the partnership dentists. Ben Rogers became insolvent because of real estate investments. So, Judy Wilkinson and Henry Walker had to then pay the...
-
A random sample of 10 subjects have weights with a standard deviation of 10.8148 kg. What is the variance of their weights? Be sure to include the appropriate units with the result.
-
of stion 1. Harmonic Test II. Root Test III. Ratio Test Consider the series 8 = 72 Which one of the following tests can be used to determine whether it is convergent or divergent? IV. Integral Test...
-
Pharaoh company obtains $44,800 in cash by signing a 7%, 6 month, $44,800 note payable to First Bank on July 1. Pharoah's fiscal year ends on September 30. What information should be reported for the...
-
In December 2010, Alpha Technologies Plc. issued coupon bonds with par value 100. The coupon rate is 8 percent annually and the bonds will be redeemed at par value in December 2015. What is the price...
-
Consider the combustion of methanol below. If 64 grams of methanol reacts with 160 grams of oxygen, what is the CHANGE in volume at STP. 2CH3OH(g) + 3O2(g) 2CO2(g) + 4H2O(1) The volume decreases by...
-
Identify the amount at which each of the following assets should be reported in the financial statements of Loew's Company. Cite the concept, principle, or constraint that is most applicable to each...
-
A florist bugs a potted plant for $12 less trade discounts of 20% and 596. If the florist applies a rate of markup based on cost of 9096: a. What is the selling price of the plant? b. What is the...
-
Janeth is selling a cottage property that is currently listed for $299,900. Her real estate agent has convinced her that the price needs to be discounted by 3.2% to take into account the poor...
-
Marina found a purse that regularly sells for $100 on the sale rack of her favourite store. The purse was marked down by 4096. A sign on the sale rack said "Take an additional 50% off sale prices...
-
Suppose the S&P 500 currently has a level of 960. One contract of S&P 500 index futures has a size of $250 S&P 500 index. You wish to hedge an $800,000-portfolio that has a beta of 1.2. (A)In order...
-
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during...
-
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increased by 5 percent annually....
Study smarter with the SolutionInn App