Question
XYZCompanysoldmerchandiseworth$80,000oncredittoDEFInc.onJune1st,2023,with credittermsof2/10,net30.DEFInc.paidtheinvoiceonJune15th,2023.Calculatetheamount of cash XYZ Company received from DEF Inc.
XYZ Company sold merchandise worth $80,000 on credit to DEF Inc. on June 1st, 2023, with credit terms of 2/10, net 30. DEF Inc. paid the invoice on June 15th, 2023. Calculate the amount of cash XYZ Company received from DEF Inc.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
