222

Stout Company sells office chairs to its customers. On March 19, Kolbe Corporation purchased office chairs from Stout Company for $150 per chair. Kolbe paid one-fourth of its bill on March 31 and paid the remaining three-fourths on April 12. Stout Company offers credit terms of 6/20,n/45 to its customers. Kolbe Corporation paid a total of $5,319 cash to Stout Company for the purchase of the office chairs. Calculate the number of office chairs Kolbe Corporation purchased on March 19