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Charlet Company sells office chairs to its customers. On June 3, Rutherford Corporation purchased 18 of these office chairs from Charlet for a list price
Charlet Company sells office chairs to its customers. On June 3, Rutherford Corporation purchased 18 of these office chairs from Charlet for a list price of $200 each. Rutherford paid one-half of the invoice on June 11, paid one-fourth of the invoice on June 15, and paid the final one-fourth of the invoice on June 22. Charlet offers credit terms of 4/15, n/50 to its credit customers. Calculate the total amount of cash Rutherford Corporation paid to Charlet company for the purchase of the office chairs
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