Question Two: Zinck Furniture Company of Ontario sold K. Daniels a bedroom set for $2,500 plus...
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Question Two: Zinck Furniture Company of Ontario sold K. Daniels a bedroom set for $2,500 plus 8% PST and 5% GST. The furniture originally cost $1,700. Terms of the sale are 1/10, n/30. The date of the sale was May 23, and the date of the payment was June 1. Required: Determine the amount K. Daniels should pay Zinck Furniture on June 1. Show your workings. Question Two: Zinck Furniture Company of Ontario sold K. Daniels a bedroom set for $2,500 plus 8% PST and 5% GST. The furniture originally cost $1,700. Terms of the sale are 1/10, n/30. The date of the sale was May 23, and the date of the payment was June 1. Required: Determine the amount K. Daniels should pay Zinck Furniture on June 1. Show your workings.
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