Question: Word Problem 7-33 [LU 7-2 (1)] Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the invoice August

Word Problem 7-33 [LU 7-2 (1)] Bally Manufacturing sent Intel Corporation

Word Problem 7-33 [LU 7-2 (1)] Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the invoice August 05 with 3/10 EOM terms. Intel receives a 20% trade discount. Intel pays the invoice on August 18. On August 12, Intel Corporation returns $500 of the machinery due to defects. What does Intel pay Bally on August 18? Payable amount

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

5 Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,400 list price. Bally dated the invoice August 13 with EOM terms. Intel receives a 40% trade discount. Intel pays the...

here is my work... can someone help? I keep getting the wrong answer Return to question Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,500 list price. Bally dated the...

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,600 list price. Bally dated the invoice August 08 with 5/10 EOM terms. Intel receives a 40% trade discount. Intel pays...

G 0 ezto.mheducation.com C M Question 8 - 7.1 HW - Connect M Question 10 - 9.2 HW - Connect M Question 6 - 7.2 HW - Connect M table7_1.jpg 790x78 7.2 HW i Saved Help Save & Exit Submit Check my work...

q#13......business math..... I've asked several people and everyone got it wrong. I need the correct answer because I am tired of paying for it over and over again..... so if you aren't 100% sure...

17 Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,100 list price. Bally dated the invoice August 01 with 3/10 EOM terms, Intel receives a 40% trade discount Intel pays...

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $ 1 3 , 2 0 0 list price. Bally dated the invoice July 3 1 with 5 1 0 EOM terms. Intel receives a 4 0 % trade discount....

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13, 200 list price. Bally dated the invoice July 31 with 5/10 EOM terms. Intel receives a 40% trade discount. Intel pays...

that was incorrect Bally Manufacturing sent Intel Corporation an invoice for machinery with a \ $ 1 3 , 6 0 0 list price. Bally dated the invoice July 2 7 with 5 / 1 0 EOM terms. Intel receives a 4 0...

9. a) What are three characteristics of a continental polar air mass? How does it form? b) What are three characteristics of a maritime polar air mass? How does it form? c) What are the two main...

Devs Inc. is currently trading at a forward P/D (price-to-dividend) ratio of 25, a forward P/E ratio of 20, a P/B ratio of 4 and a P/S ratio of 3. Please answer the following questions: (a) (5...

A certain supplier manufactures a type of rubber mat that is sold to automotive companies. The material used to produce the mats must have certain hardness characteristics. Defective mats are...

An instructor hands out course evaluations where students have a rank of 0 to 5 . What is the best way for the data to be measured? Multiple Choice nominal Ask ordinal Print References filtered...

Able to identify key HRM challenges facing organizations undergoing major change.

Aware of differences in the role of employees unions.

Aware of drivers for ongoing training and development within organizations.