On October 30, goods with a list price of $9,200 are sold, subject to a trade discount

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On October 30, goods with a list price of $9,200 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30. Payment is received from the customer on December 11. What is the amount of cash received on December 11?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Sep 12, 2020 04:28 AM

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On October 30, goods with a list price of $9,200 are sold, subject to a trade discount

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Given List price 9200 Trade discount rate 25 Credit terms 210 n30 meaning the customer has 10 days f... View the full answer

Intermediate Accounting

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