A. Cash Discount1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paidin full on April 20. What is the total amount paid to settle the account?2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123for her orderedplants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.The plants were received on April 25. If she paid on May 12, how much did she pay? A. Cash Discount1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paidin full onApril 20. What is the total amount paid to settle the account?2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123for her orderedplants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.The plantswere received on April 25. If she paid on May 12, how much did she pay?

The question is based on the concept of Financial Accounting. As per the Bartleby guidelines we are…

Answered: . Cash Discount 1. An invoice for Php…

. Cash Discount 1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paid in full on April 20. What is the total amount paid to settle the account?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A. Cash Discount
1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paid
in full on April 20. What is the total amount paid to settle the account?
2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123
for her ordered
plants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.
The plants were received on April 25. If she paid on May 12, how much did she pay?

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