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Steve Ponting Plumbing offer Harold Raven a discount of 2% if his account is paid within 7 days of the invoice date. On 8 October,
Steve Ponting Plumbing offer Harold Raven a discount of 2% if his account is paid within 7 days of the invoice date. On 8 October, services to Harold of $3,300 including GST were invoiced by Steve Pointing Plumbing on Invoice 123. Harold paid on 10 October, taking advantage of the discount offered
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To prepare the general journal entries for the discount and the payment we first need to calculate t...
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