Current Attempt in Progress

Ivanhoe Company sells goods to Pharoah Inc. by accepting a note receivable on January $2,2025.$ The goods have a sales price of

$$599,300($cost of $$490,000).$ The terms are net $30.$ If Pharoah pays within $5$ days, however, it receives a cash discount of $$9,300.$ Past

history indicates that the cash discount will be taken. On January $28,2025,$ Pharoah makes payment to Ivanhoe for the full sales price.