FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

An invoice for $3,800.00 has terms 2/10, n/30. The amount credited on a payment made within the discount period was $1,680.00.
What was the amount of the payment? (Round your answer to 2 decimal places.)
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Transcribed Image Text:An invoice for $3,800.00 has terms 2/10, n/30. The amount credited on a payment made within the discount period was $1,680.00. What was the amount of the payment? (Round your answer to 2 decimal places.) Payment
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