Complete the following: LU 7-21) Date goods are received Invoice 7-9, June 18- 7-10. Now 27...
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Complete the following: LU 7-21) Date goods are received Invoice 7-9, June 18- 7-10. Now 27 7-11. May 15 7-12. April 10 7-13. June 12 7-14. Jan. 10 7-15. $7,000 Gross amount of invoice (freight charge already Freight included) charge $100 7-16. $600 7-17. $200 7-18. $500 June 5 Feb. 3 (no leap year) 7-19. $700 7-20, 5600 "If more than one discount, asume date of last dincount Complete the following by calculating the cash discount and net amount paid: LU 7-2(1) None None Complete the following: LU 7-2(2) Amount of invoice $100 Ternis 2/10, n/60 4/10, 1/60 Terms 1/10, 1/30 8/1 2/10 BOM 3/10, 1/30, ROG 2/10, 1/30, 60 V10 BOM Date of invoice 4/8 11/13 715 4/10, n/30, ROG Invoice date 5/6 Terms of invoice 2/10, n/60 Last day of discount period 1/10 EOM 11/29 1/10 EOM 3/10, 2/15, n/30 8/13 Date of payment 4/15 $400 Actual partial payment made $400 12/3 1/4 Final day bill is due t (end of credit period) Date of partial payment 5/15 7/14 Cash discount Net amount paid Amount of payment to be credited Balance outstanding Complete the following: LU 7-21) Date goods are received Invoice 7-9, June 18- 7-10. Now 27 7-11. May 15 7-12. April 10 7-13. June 12 7-14. Jan. 10 7-15. $7,000 Gross amount of invoice (freight charge already Freight included) charge $100 7-16. $600 7-17. $200 7-18. $500 June 5 Feb. 3 (no leap year) 7-19. $700 7-20, 5600 "If more than one discount, asume date of last dincount Complete the following by calculating the cash discount and net amount paid: LU 7-2(1) None None Complete the following: LU 7-2(2) Amount of invoice $100 Ternis 2/10, n/60 4/10, 1/60 Terms 1/10, 1/30 8/1 2/10 BOM 3/10, 1/30, ROG 2/10, 1/30, 60 V10 BOM Date of invoice 4/8 11/13 715 4/10, n/30, ROG Invoice date 5/6 Terms of invoice 2/10, n/60 Last day of discount period 1/10 EOM 11/29 1/10 EOM 3/10, 2/15, n/30 8/13 Date of payment 4/15 $400 Actual partial payment made $400 12/3 1/4 Final day bill is due t (end of credit period) Date of partial payment 5/15 7/14 Cash discount Net amount paid Amount of payment to be credited Balance outstanding
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Answer rating: 100% (QA)
ANSWER For parts 9 14 S NO Invoice Date Date goods are received Terms Last day of discount period Final day bill is due 79 June 18 110n30 June 28 July 18 710 Nov 27 210 EOM Dec 10 Dec 30 711 May 15 Ju... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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