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Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the invoice August 5

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Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the invoice August 5 with 3/10 EOM terms. Intel receives a 20% trade discount. Intel pays the invoice on August 18. On August 14, Intel corporation returns $500 of the machinery due to defects. 

What does intel pay bally on august 18.


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Answer rating: 100% (QA)

Step 1 Calculate the net price after the trade discount The trade discount is 20 of the View the full answer


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College Accounting A Contemporary Approach

College Accounting A Contemporary Approach

ISBN: 978-0077639730

3rd edition

Authors: David Haddock, John Price, Michael Farina

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Posted Date: March 25, 2023 00:17:32
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