Chelsea's Boutique received an invoice dated August 30th for $1,875.00, with termsof 2/10, 1/15, n/60. On September 2nd, Chelsea's Boutique sent a partial paymentof $800. How much will be credited towards the invoice?

The companies gives discount for cash payments but if the payment done within that period but not…

Answered: Chelsea's Boutique received an invoice…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Veronica purchased furniture for $3,500.00 and received an invoice dated May 5, 2013 with terms 3/10 n/30. What is the amount of cash discount available for a payment made on May 12, 2013 to settle the invoice? $0.00 Round to the nearest cent
n March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $11,000. In payment for the services, Whole Grain Bakery signs a 9% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
An invoice for RO 65,000 and dated February 20th with the terms 7/13, EOM is received. The bill is paid on March 2nd. Calculate the amount paid.
An invoice for $12,000 arrived on Sept. 26, w/ terms 3/7, 2/30, n/60. A second invoice for $93,000 arrived on Sept. 29, w/ terms 5/7, 1/30, n/60. You paid $10,000 on Oct. 1. How much do you have to pay today to settle the invoices?
With the given transaction, prepare a journal entries of Alegado Company on June 17 and 24. Thank you!
How much will be the amount to be paid on July 15 of the same year in payment of an invoice dated June 5, amounting to P41,500.00 with terms 5/10, 3/30, n/60?
Enter the following information into a manual journal with credits/debits:
I need to know how to record this transaction in a general journal. 1/18 Received $8,000 the January telephone bill from At&t for $375, due Feb.15. 1/20 Received utility bills for January due Feb 16, from Swepco for $360 and Tx Water Utilities for $280.
Paper Company receives a $6,000, 3-month, 6% promissory note from Dame Company in settlement of an open accounts receivable. What entry will Paper Company make upon receiving the note?
5
An invoice for $128,700 dated August 26, 2014 for a shipment of furniture has payment terms 1.5/15, E.O.M. What payment will settle the invoice if it is paid on the following dates. a. September 6? Round to the nearest cent b. September 15? Round to the nearest cent c. September 22? Round to the nearest cent
A local company received an invoice for $3,647.00 dated March 8 with terms 2/10, n/30. The company paid the bill March 15. What amount should be paid?

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Chelsea's Boutique received an invoice dated August 30th for $1,875.00, with terms of 2/10, 1/15, n/60. On September 2nd, Chelsea's Boutique sent a partial payment of $800. How much will be credited towards the invoice?