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QUESTION 11 Answer both questions in the space below 8 points Save Answ Gibbons Ltd. received an invoice dated February 16 for $520.00 less
QUESTION 11 Answer both questions in the space below 8 points Save Answ Gibbons Ltd. received an invoice dated February 16 for $520.00 less 25%, 8.75%, terms 3/15 E.O.M. A cheque for $159.20 was mailed by Gibbons on March 15 as part payment of the invoice. a) By how much did Gibbons reduce the amount due on the invoice? b) How much does Gibbons still owe?
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
