Question
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
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.
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
