Provisions Grocery Store purchased merchandise on account from Federal Grocers for $500.00 on April 6, terms 2/10,
Question:
Provisions Grocery Store purchased merchandise on account from Federal Grocers for $500.00 on April 6, terms 2/10, n/30. Federal Grocers prepaid freight charges of $25.00 and added them to the invoice. Assuming Provisions Grocery Store pays the amount due within the discount period, what is the amount of the payment?
a. $515.00
b. $514.50
c. $525.00
d. $535.00
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b 51450 Explanations The amount due is calculated by subtracting th...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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