Question: 2 AGM Accounting received an invoice dated Jun 4th. The invoice is for office equipment and is for $14,000 less 30%, with terms 4/15, ROG.

2 AGM Accounting received an invoice dated Jun 4th. The invoice is for office equipment and is for $14,000 less 30%, with terms 4/15, ROG. The furniture arrives on Jul 10th. (0.5 mark) What date is the cash discount valid until? (1 mark) How much will AGM have to pay if it takes advantage of the cash discount? (0.5 mark) What date is the credit period valid until? (1 mark) How much will AGM have to pay if it does not take advantage of the cash discount? (3 mark) Suppose AGM sends a $7,000 cheque for partial payment on Jul 7th. How much does AGM still owe after this payment

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