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EXTRA Dating: Be sure to pay attention to the days ( discount & net ) within the terms. When entering dates, state as: Month Day

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EXTRA Dating:
Be sure to pay attention to the days (discount & net) within the terms. When entering dates, state as: Month Day (e.g., January 1). Do NOT abbreviate the month.
12. An invoice dated August 14 accompanied a shipment of cufflinks that cost $5,000. The vendor granted the buyer terms of 310,60x, net 120.
A. What is the last day to take advantage of the cash discount?
B. What is the net due date?
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