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As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an
As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an invoice from one of Sound Design's vendors, Target Electronic Wholesalers. a) Complete the invoice itemization by finding the total amount (in \$) for each item, the merchandize total (in \$), and the total amount of the invoice (in \$). (b) What are the discount date and the net date if the shipment arrived on July 13 ? Discount Date Net Date (c) While in transit, five Blu-ray players and four LCD TVs were damaged and will be returned. What is the amount (in \$) of the returned merchandise? What is the revised merchandise total (in \$)? Returned merchandise Revised merchandise total (d) What are the amount (in \$) of the cash discount and the net amount due if the discount is taken? (Round your answers to the nearest cent.) Cash discount Net amount due (e) If Sound Design sends in a partial payment of $30,000.00 within the discount period, what is the net balance (in $ ) still due? (Round your answer to the nearest cent.)
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