Kate sells goods on credit to Kylie. Kate does not allow cash discount. On 1 May Kylie

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Kate sells goods on credit to Kylie. Kate does not allow cash discount. On 1 May Kylie Kate $350.
The following documents were exchanged in May:

May 4 invoice ..................... 420
8 debit note ....................... 112
10 credit note ..................... 92
19 cheque ........................ 350
26 invoice ....................... 170

How much did Kylie pay on 31 May to settle her account?

A. $148

B. $386

C. $498

D. $610

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 15, 2021 05:53 AM

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Kate sells goods on credit to Kylie. Kate does not allow cash discount. On 1 May Kylie

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Data and calculations May 1 Beginning balance 350 May 4 Inv...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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