Question: An invoice for $5000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3 rd . A payment of

An invoice for $5000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3^rd. A payment of $2000 is made on September 12^th. To the nearest dollar, how much is credited to the account?

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!

. An invoice for $5000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3rd. A payment of $2000 is made on September 12th. To the nearest dollar, how much is...

Question 14 (1 point) An invoice for $5,000 dated September 1 with terms 2/10, 112/20, n/30 is received in the mail on September 3 d. A payment of $2,000 is made on September 12th. How much is...

1. An invoice for $5000 dated September 1 with terms 2/10, 112/20, n/30 is received in the mail on September 3rd. A payment of $2000 is made on September 12th. To the nearest dollar, how much is...

An invoice for $6000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3 rd . A payment of $3000 is made on September 12 th . What is the outstanding balance? Select...

An invoice for $7000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3rd. If the company wants to reduce the outstanding balance to $4000, how much should they pay...

An invoice for $8000 dated September 1 with terms 2/10, 1/20, n/30 is received in the mail on September 3. The company sent a cheque on September 12 for $2500. How much is credited to their account?

Question 14 (1 point) An invoice for $5,000 dated September 1 with terms 2/10, 18/20, 1/30 is received in the malon September 3rd. A payment of $2,000 is made on September 12th. How much is credited...

An invoice for $7000 dated September 1 with terms 2/10, 20, 30 a recelved in the mal on September 3 it the compeny want tnedice the ourdng beino SHOO0 ewmuho e Seate

A product costing $350, less 30%, 20%, and 10%, sells to allow for overhead expenses of 30% of the selling price and profit of 20% of the selling price. During a sale, the product is marked down by...

An invoice for $8000 dated September 1 with terms 2/10, 11/2/20,n/30 is received in the mail on September 3 . The company sent a cheque on September 12 for $2500. How much is credited to their...

Grenke Corporation issues $300,000 of bonds for $315,000. (a) Prepare the journal entry to record the issuance of the bonds, and (b) Show how the bonds would be reported on the balance sheet at the...

x' = -x 22. Find homeomorphism H for y = y +x origin. near

14 Construct two food chains using the food web shown in Figure 4.13.

Exercise 1: Let k 2 2 be an integer. To say that a. graph G is k-path-connected means that G has the following property: for every pair of vertices a: and y in G, there exists a. set {P1, . . . , Pk}...

Why is the direct plan acceptable for notifying job applicants that they were not selected for a position? (Objectives 5 and 6)

You are the franchised dealer for Starlight satellite TV. Last week you ran a four-room installation special in the local newspaper that offered free installation, one-month free service, and a free...

Teamwork.Ethics.Working with three classmates with two on each side of the issue, debate the ethics of using the indirect or the direct plan for negative messages. (Objectives 3, 4, 5, and 6)