Question
During the months of January, Ava Corporation purchased goods from two suppliers. The sequence of events was as follows: Jan. 6 Purchased goods for $1320
During the months of January, Ava Corporation purchased goods from two suppliers. The sequence of events was as follows:
Jan. 6 Purchased goods for $1320 from Noah with terms 2/10, n/30.
Jan 6 Purchased goods from Emma for $860 with terms 1/10, n/30.
Jan 14 Paid Emma in full.
jan 15 Paid Noah in full.
On January 14, when Ava pays Emma, the credit cash will be?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
