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At the beginning of the current season on April 1, the records of Bramble Pro Shop showed Cash $ 2,840, Inventory $ 3,500, and Common
At the beginning of the current season on April 1, the records of Bramble Pro Shop showed Cash $ 2,840, Inventory $ 3,500, and Common Stock $ 6,340. The following transactions occurred during April 2022.
Apr. 5 | Purchased golf bags, clubs, and balls on account from Cullumber Co. $ 1,500. | |
9 | Received credit from Cullumber Co. for merchandise returned $ 600. | |
10 | Sold merchandise on account to members $ 1,470. The merchandise sold had a cost of $ 740. | |
12 | Purchased golf shoes, sweaters, and other accessories on account from Ivanhoe Sportswear $ 1,050. | |
14 | Paid Cullumber Co. in full. | |
17 | Received credit from Ivanhoe Sportswear for merchandise returned $ 50. | |
20 | Made sales on account to members $ 900. The cost of merchandise sold was $ 550. | |
21 | Paid Ivanhoe Sportswear in full. | |
30 | Received payments on account from members $ 1,180. |
I am having trouble getting the 14th and the 21st. The terms are 2/10 and n/30. I think for this question its just 2/10. If someone could explain how to get the answer it would be greatly appreciated.
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