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For the following problems, find the discount date, the due date, the amount of the cash discount, and the amount of the remittance. Terms: 3/5,
For the following problems, find the discount date, the due date, the amount of the cash discount, and the amount of the remittance.
Terms: | 3/5, n/25 | Discount date: |
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Invoice date: | 27-May | Due date: |
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Invoice amount: | $2,875.12 | Discount amount: |
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| Remittance: |
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Terms: | 2-10, n-30 | Discount date: |
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Invoice date: | 28-Mar | Due date: |
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Invoice amount: | $3,241.94 | Discount amount: |
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Returned goods: | $1,012.59 | Remittance: |
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