Apple Co sells merchandise on credit to Zea Co in the amount of 8,000. The invoice is dated on September 15 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount? O a. 160, September 30 O b. 160, September 25 c. 80, September 30 d. 80, September 25

Trade Discount and Cash Discounts Merchandise was purchased on account from Jacob's Distributors on May 17. The purchase price was $2,000, less a 10% trade discount and credit terms of 2/10, n/30. 1. Calculate the net amount to record the invoice, less the 10% trade discount. 2. Calculate the amount to be paid on this invoice within the discount period. 3. Journalize the purchase of the merchandise on May 17 in a general journal. Journalize the payment on May 27 (within the discount period). Page: DOC. POST. DEBIT CREDIT NO. REF. DATE ACCOUNT TITLE 20-- 1 Мay 17 2 3 Purchased merchandise 3 4 27 5 6 6 7 Paid invoice within discount period

Trade Discount and Cash Discounts Merchandise was purchased on account from Jacob's Distributors on May 17. The purchase price was $2,000, less a 10% trade discount and credit terms of 2/10, n/30. 1. Calculate the net amount to record the invoice, less the 10% trade discount. 2. Calculate the amount to be paid on this invoice within thé discount period. $4 3. Journalize the purchase of the merchandise on May 17 in a general journal. Journalize the payment on May 27 (within the discount period). Page: DATE ACCOUNT TITLE DOC. POST. DEBIT CREDIT NO. REF. 20-- 1 May 17 1 2 Purchased merchandise 4 27 4 5 6. 6. Paid invoice within discount period 7 00000 00 000 3.

Merchandise subject to terms 2/10, n/30, FOB shipping point, is sold on account to a customer for $22,100. What is the amount of sales discount allowable?

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A retailer purchases merchandise with a catalog list price of $28,100. The retailer receives a 16% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period? O a. $23,132 O b. $24,166 O c. $23,604 O d. $28,100

A retailer purchases merchandise with a catalog list price of $28,600. The retailer receives a 22% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period (Round your answer to the nearest dollar)? Oa. $22,308 Ob. $21,862 Oc. $22,880 Od. $28,600

BUS 038 : Business Computatns10. You purchase goods on an invoice dated July 27 with terms of 3/10 EOM. Determine (a) the last day of the discount period, and (b) the last day of the credit period.

1. Merchandise received on July 20 is charged to the store on an invoice dated July 8 for $1,254 with terms of 6/10-60X.  What is the last day for taking the cash discount?  2. Merchandise received on July 20 is charged to the store on an invoice dated July 8 for $1,254 with terms of 6/10-60X.  If the invoice is paid on September 17, how much should be remitted?  (Present your answer with a comma separator, dollar-sign, and rounded to the penny (i.e. $1,234.56).) 3. A retailer in Atlanta ordered a shipment of shoes totaling $15,800 from a vendor in California.  The shipping cost was $220.  The shoes were shipped FOB Atlanta; charges reversed.  The shoe vendor gave the retailer a 1% damage allowance.  How much did the retailer pay the vendor for the shoes?   (Present your answer with a comma separator, dollar-sign, and rounded to the penny (i.e. $1,234.56). 4. On April 2, merchandise costing $15,400 reaches the retailer located in New Orleans.  The invoice is dated March 22 and has…

July 12 Sold merchandise to Customer R, who charged the $3,400 purchase on his Visa credit card. Visa charges OceanView a 1 percent credit card fee.   15 Sold merchandise to Customer S at an invoice price of $10,700; terms 3/10, n/30.   20 Sold merchandise to Customer T at an invoice price of $5,300; terms 3/10, n/30.   23 Collected payment from Customer S from July 15 sale. Aug. 25 Collected payment from Customer T from July 20 sale. Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31.