Question
TB MC Qu. 05-140 (Algo) A company purchased... A company purchased $9,100 of merchandise on June 15 with terms of 3/10, n/45. On June 20,
TB MC Qu. 05-140 (Algo) A company purchased...
A company purchased $9,100 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $455 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:
Multiple Choice
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$8,386.
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$8,827.
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$9,100.
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$8,645.
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$8,431.
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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
113396253X, 978-1133962533
