FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,600 list price. Bally dated the invoice August 06 with
4/10 EOM terms. Intel receives a 30% trade discount. Intel pays the invoice on August 19. On August 1, Intel Corporation returns $600
of the machinery due to defects. What does Intel pay Bally on August 19?
Payable amount
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