Question: Question 22 (1 point) An invoice for $25,000 dated March 15 with terms 3/10, 2/20, n/30, ROG was received in the mail on March

Question 22 (1 point) An invoice for $25,000 dated March 15 with

Question 22 (1 point) An invoice for $25,000 dated March 15 with terms 3/10, 2/20, n/30, ROG was received in the mail on March 18. The shipment of goods was received on April 3. A payment of $14,000 was made on April 14. How much was credited to the account?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the amount credited to the account we need to consider the payment terms and th... View full answer

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!

Which statement best describes research-oriented data sets? a. They commonly contain incomplete data. b. They are collected according to stringent measurement procedures. c. They contain data...

Question: Old MathJax webview Old MathJax webview i need ans of these question but the source is alot Old MathJax webviewOld MathJax webview i need ans of these question but the source is alot these...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

please any solution will help me out please help this my final THE FANTASTIC DRESS SHOP PAYROLL REGISTER JANUARY AND FEBRUARY 201X Earnings Allow and Marital Status Employees Cum. Earnings Salary Reg...

1 Skipped The Fashion Rack The Fashion Rack is a retail merchandising business that sells brand-name clothing at discount prices. The firm is owned and managed by Teresa Lojay, who started the...

While a radar chart is ideal for plotting numerous quantitative variables relative to a central point, what caution is attached with using radar charts? Select an answer: Limit the number of...

Can any of the tutors help me complete these transactions in excel? thank you. GENERAL JOURNAL Date April Description Post Ref. 1 Cash Register GST Paid/ Receivable Cash at bank Debit ($) Credit ($)...

Can any of the tutors help me to complete this assignment in excel? thank you GENERAL JOURNAL Date April Description Post Ref. 1 Cash Register GST Paid/ Receivable Cash at bank Debit ($) Credit ($)...

The Goldberg-Scheinman Publishing Company is publishing a new managerial economics text for which it has estimated the following total fixed and average variable costs: Total fixed costs: Copy...

Give a financial analysis of Concord Hospital: Concord Hospital Ratio Analysis 2019 (Answer) Formula in Numbers 2018 (Answer) Formula in Numbers Becker Comparison Current Ratio Accounts Receivable...

Which population numbers do you trust to be closer to the actual pop- ulation size, the values obtained during sonar surveys or visual sur- 3. veys? Explain.

TOPICS FOR DISCUSSION AND REVIEW 1. Compare and contrast the thermoregulatory strategies of marine birds and mammals. List two specific structural features that distinguish each of the following...

Determine x and y (from point A) for the lamina shown below. All dimensions are in mm: A 180 R180/ 300 00. 470 480 000

13. The correct Harvard referencing style for citing a journal article found on a website is; Ans: OLast name, First initial. (Year published). Article Title. Journal, [online] Volume(Issue), pages....

16. How much you can deviate from the given word count? Ans : 4. You cannot deviate from the given word count in any case 2. You can deviate by 50-200 words 1. Maximum of 5% deviation is acceptable...

The return of goods to the supplier will affect the purchase account. Question 27Answer True False

Review the Danier Leather balance sheet for fiscal year-end June 25, 2011, in Appendix II. Identify four different asset accounts and three different liability accounts.

Referring to Exhibit 5A.3, fill in the following blanks. Identify any losses by putting the amount in brackets. Analysis Component: Company A and Company B is in similar industries. Comment on their...

Monague Company prepares monthly financial statements. The information in (a) to (e) is available for the preparation of adjusting entries for the month ended September 30, 2014: a. Of the $ 18,000...

=+5. Measurements are to be taken on each of the following characteristics. In each case, indicate whether the resulting measurements would be classified as variables or attributes data.

=+c. What percentage of these measurements falls above the USL? What percentage of the measurements falls below the LSL?

=+what is the effect on the estimated proportions of conforming and nonconforming products?