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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?

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?

FINANCIAL ACCOUNTING
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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ANSWER NUMBER 2 PLEASE

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?
Transcribed Image Text: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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