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Leno Company sells goods to the Fallon Company for $ 11 comma 000$11,000. It offers credit terms of 22/10, n/30. If Fallon Company pays the
Leno Company sells goods to the Fallon Company for
$ 11 comma 000$11,000.
It offers credit terms of
22/10,
n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of:
A.
$ 11 comma 000$11,000.
B.
$ 11 comma 220$11,220.
C.
$ 10 comma 780$10,780.
D.
$ 220$220.
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