Tucker Co purchased merchandise inventory with an invoice price of $12,000 and credit terms of 2/10, n/30.

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Tucker Co purchased merchandise inventory with an invoice price of $12,000 and credit terms of 2/10, n/30. What is the amount that Tucker Co pays if they send the check by the deadline for taking the discount?

$10,800.

$12,000.

$11,760.

$11,040

Related Book For answer-question

Principles of Financial Accounting chapters 1-17

ISBN: 978-1259687747

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Posted Date: Nov 14, 2023 03:45 AM

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Tucker Co purchased merchandise inventory with an invoice price of $12,000 and credit terms of 2/10, n/30.

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The credit terms 210 n30 mean that the buyer can take a 2 d... View the full answer

Principles of Financial Accounting chapters 1-17

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