Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On March 3, 2023, Tradewind Corporation sold $54,000 of merchandise on account to Vinaya Corporation with credit terms of 2/10, n/30. On March 5, 2023

On March 3, 2023, Tradewind Corporation sold $54,000 of merchandise on account to Vinaya Corporation with credit terms of 2/10, n/30. On March 5, 2023 Vinaya Corporation returned $3,000 of merchandise. On March 7, 2023, Tradewind received Vinaya's payment. What is the amount of the payment? $47,600 $49,980 $50,640 $51,000
image text in transcribed
On March 3, 2023, Tradewind Corporation sold $54,000 of merchandise on account to Vinaya Corporation with credit terms of 2/10,n/30. On March 5, 2023 Vinaya Corporation returned $3,000 of merchandise. On March 7, 2023, Tradewind received Vinaya's payment. What is the amount of the payment? $47,600 $49,980 $50,640 $51,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing & Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

8th Edition

978-1260703733, 1260703738

More Books

Students also viewed these Accounting questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago

Question

Define pay ranges. What is the purpose of establishing pay ranges?

Answered: 1 week ago