$182$

Chapter $4$ Accounting for Merchandising Operations

$4-4$

Computing net invoice amounts

P$1$

Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.

a$.\frac{\text{M}\text{e}\text{r}\text{c}\text{h}\text{a}\text{n}\text{d}\text{i}\text{s}\text{e}(gross)}{\text{\$}5,000},\frac{\text{T}\text{e}\text{r}\text{m}\text{s}}{10,\frac{n}{60}}$

b$.$ $$20,000$

$\frac{\text{M}\text{e}\text{r}\text{c}\text{h}\text{a}\text{n}\text{d}\text{i}\text{s}\text{e}(gross)}{\text{\$}75,000},\frac{\text{T}\text{e}\text{r}\text{m}\text{s}}{\frac{1}{10},\frac{n}{30}}$

$c.$ $$75,000,\frac{3}{15},\frac{n}{45}$

d$.$ $$10,000$

$\frac{1}{15},\frac{n}{90}$

ecord each of the following transactions of a merchandising company. The record each of the tolowiod.