Jill's dress shop purchaed merchandise worth $1,265 with an invoice date of November 27.  Jill paid the bill on December 11.  The sales terms are 2/15,n/30. Round to the hundredths place. Will Jill get the cash discount? ________ find the net amount due. ________

A buyer receives merchandise on September 7th that is invoiced for $3,250. The date on the invoice is August 2nd and the terms are 3/15 ROG. How much is due if the buyer pays the bill on September 24th? Answer: A buyer receives the bill for $2,500 of merchandise from a vendor. The date on the invoice is January 15th and the terms are net. How much is due to the vendor and what is the due date? Select one: O a. $2,450 on January 30th b. $2,500 on January 30th c. $2,450 on February 14th d. $2,500 on February 14th Merchandise received on March 2nd with a total quoted cost of $4,000 and transportation costs of $200 was billed on an invoice dated February 6th. The terms on the invoice were 2/10 ROG, FOB Destination, Charges Reversed. How much was due to the vendor if the buyer paid on February 26th? Answer: A buyer receives merchandise on April 2nd that is invoiced for $8,200. The date on the invoice is April 27th and the terms are 2/10 EOM. What is due if the buyer pays by May 15th? Select…

Melissa received an invoice for $5,000 that had payment terms of 2/15 n/30. He made a partial payment of $3,000 during the discount period. a. Calculate the amount credited.   Round to the nearest cent b. Calculate the balance on the invoice after the partial payment was made.

en June 12, Music, Incorporated sells $4,000 of goods on account to a credit customer with credit terms of 1/10, n/30. If the custome ays on June 20, select the correct entry to record the receipt of the customer's payment: Multiple Choice Account Name Debit Credit Cash 4,000 Accounts Receivable 4,000 Account Name Debit Credit Cash 3,960 Sales Discounts 40 Accounts Receivable 4,000 Account Namė Debit Credit Accounts Receivable 3,960 Sales Discounts 40 Cash 4,000 ***. MAY 7

Choose the correct answer: 12. On November 10 of the current year, Al-Kamil Co. sold carpet to a customer for OR 8,000 with credit terms 2/10, n/30. Al-Kamil uses the gross method of accounting for cash discounts. What is the correct entry for Al-Kamil on November 10? Select one: a. Accounts receivable                          8,000                  Sales                                                            8,000 b. Accounts receivable                          8,000                 cash discounts                                               160                  Sales                                                            7,840 c.  Accounts receivable                          7,840         cash discounts                                        160                  Sales                                                               8,000 d. Accounts receivable                          7,840                  Sales…

Sharleen purchased merchandise with a list price of $27,985. She receives a 2% cash discount and a 21/18/12 trade discount. What is Sharleen’s outstanding balance if she makes a $4000 partial payment within the discount period?

Please read the questions carefully the First question is asking for journal entry.

FOR PROFITS 19. The store accountant receives an invoice for $1,400.00 at list price, plus a $54 freight bill with trade discounts of 20 and 10. The in- voice is paid on time and earns an additional 2% cash discount. What is the net cost?

A retailer buys merchandise from a supplier with an invoice amount of $12,600. The terms of the sale are 5/20, n/30. What is the net amount due (in $) on the order if the bill is paid by the 20th day? $       hi also the 5 is highlighted red i dont know what that mean

Sydney returns $1,300 of the $29,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $871. Note: Enter debits before credits.         Date General Journal Debit Credit May 12