Question
On September 1, Jerrys Lighting purchased merchandise with a list price of $6,700 with credit terms of 2/10, n/60; freight of $200 prepaid and added
On September 1, Jerrys Lighting purchased merchandise with a list price of $6,700 with credit terms of 2/10, n/60; freight of $200 prepaid and added to the invoice. On September 3, Jerrys returns $500 of the merchandise. If payment is made within the discount period, the total amount paid by Jerrys Lighting is:
Tune Tones Instrument Tuning Company owes Mandy Lynns Music Studio $6,854 as of November 1. During November, Tune Tones purchased merchandise from Mandy Lynn totaling $9,618 and owes Mandy Lynn $9,202 on November 30, the total payments made by Tune Tones to Mandy Lynn during November:
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