Question: 0 Sed Help Save & Eat Submit A company purchased $8.200 of merchandise on June 15 with terms of 340, n/45. On June 20, it

0 Sed Help Save & Eat Submit A company purchased $8.200 of merchandise on June 15 with terms of 340, n/45. On June 20, it returned $410 of that merchandise. On June 24. it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals Multiple Choice 54 57,556 $7.954 $8.200 O $7,790

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

On 1/1/18, Kantner, Inc., a domestic corporation had the following balance sheet accounts for book and tax purposes. Assets: Property, plant and 1,000,000 equipment Accumulated depreciation...

5 Quiz Seved Help Save & Exit Submit A company purchased $8,200 of merchandise on June 15 with terms of 3/10, 1/45. On June 20, it returned $410 of that merchandise. On June 24. it paid the balance...

refins Microsoft AutoUpdate Chapters 5 &6 Test Help Save& Exit Saved A company purchased $8,200 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $410 of that merchandise....

Saved Help Save & Exit Submit A company purchased $8,300 of merchandise on June 15 with terms of 3/10,n/45. On June 20, it returned $415 of that merchandise. On June 24, it paid the balance owed for...

my2521-mghmiddleware%252Fmheproducts%252FlmsCloseWindow.htm#/activity/question-group/kEZASsBkEPsnyByuERffWb Wk 1 - Apply Connect Homework [due Day 7] Saved Help Save & Exit 8 A company purchased...

Saved Help Save & Exit Subm A company purchased $8,100 of merchandise on June 15 with terms of 3/10, 1/45. On June 20, it returned $405 of that merchandise. On June 24, it paid the balance owed for...

Help Save & Exit Submit A company purchased $3,000 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $800 worth of merchandise. On July 12, t paid the full amount due. Assuming...

Question 1 of 2 > -/2 On June 10, Blossom Company purchased $8,200 of merchandise from Sunland Company, terms 4/10,n/30. Blossom Company pays the freight costs of $410 on June 11. Goods totaling $400...

Please explain why the answer wrong 15 When originally purchased, a vehicle costing $23,940 had an estimated useful life of 8 years and an estimated salvage value o of straight-line depreciation, the...

Question 10 (3 points) Benson Company had cash sales of $94,275, credit sales of $83,450, sales returns and allowances of $1,700, and sales discounts of $3,475. Benson's net sales for this period...

A company has net sales of $892,000 and cost of goods sold of $591,500. its net income is $106,700. The company's gross margin and operating expenses, respectively are: Multiple Choice O $300,500 and...

The purpose of market segmentation is to introduce a tailored message that will be received successfully. This is advantageous for companies that may have a product or service in the marketplace that...

The supply of used high-quality motorcycles is Qu=0.2PH- 1,000, while the supply of used low-quality motorcycles is Q, = 0.5P- 1,000. In the used-motorcycle market, potential buyers cannot...

When a forward contract is used to hedge a foreign currency firm commitment, hedge accounting requires the forward contract and the firm commitment to Multiple choice question. be recognized on the...

Using the table in Figure on pages 286 and 287, determine the amount of federal income tax an employer should withhold weekly for employees with the following marital status, earnings, and...

Robinson International began operations in early February. The company has provided the following summary of total manufacturing costs assigned to the job sheets of its entire client base during its...

Mike Fritz receives a regular salary of $3,250 a month and is paid 1 times the regular hourly rate for hours worked in excess of 40 per week. (a) Calculate Fritzs overtime rate of pay. (Compute to...

Fenwick Corporations manufacturing and finished goods warehouse facilities burned to the ground on January 31. The loss was fully covered by insurance. The insurance company wanted to know the cost...

Tom Hallinan works for a company that pays its employees 1 times the regular rate for all hours worked in excess of 40 per week. Hallinan's pay rate is $12.00 per hour. His wages are subject to...

8 , 1 point The form of research that aims to confirm an existing concept or to learn more about a phenomenon is called basic research applied research innovative research the scientific method

What is meant by the statement regarding compensation for host-country nationals, Organizations should think globally but act locally?

What should Belindas and Marcus next steps be?

How might use of an employee assistance program help in this situation?