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The assets of a business total $30,000; the liabilities, $14,000. Revenue is $6,000, Wages is $1,000, Rent is $2,000. The Capital Account of the
The assets of a business total $30,000; the liabilities, $14,000. Revenue is $6,000, Wages is $1,000, Rent is $2,000. The Capital Account of the owners has a balance of Your answer If the payment terms are 4/20, N 30, What is the amount of discount AND the invoice of $1,000 is paid after 25 days, how much would be paid? Give explanation of your working. Your answer
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