On February 15, 2015, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30,

Question:

On February 15, 2015, Tropical Connection Company, a garden retailer, purchased $25,000 of seed, terms 2/10, n/30, from Midwest Seed Co. Although the discount period had expired, Lydia DeLay subtracted the discount of $500 when she processed the documents for payment on March 16, 2015.
Discuss whether Lydia DeLay behaved in a professional manner by subtracting the discount, after the discount period had expired.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

Question Posted: