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Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.) Gross amount of
Complete the following by calculating the cash discount and net amount paid: (If more than one discount, assume date of last discount.)
Gross amount of invoice (freight charge already included) - $600
Freight Charge - $100
Date of Invoice - 8/1
Terms of invoice - 3/10, 2/15, n/30
Date of payment - 8/13
Cash Discount - unknown
Net amount paid - unknown
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