3. Time Bomb Traders Inc. in Burnaby just received an invoice dated May 1, 2022 from Urban Eats headphones in the amount of $60,000 with terms of 4/15, 2/30, n/45 ROG. The items on the invoice are received

3. Time Bomb Traders Inc. in Burnaby just received an invoice dated May 1, 2022 from Urban Eats headphones in the amount of $60,000 with terms of 4/15, 2/30, n/45 ROG. The items on the invoice are received

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

Please ans this with in 10 to 15 mins to get a thumbs up! Please show neat and clean work .

3. Time Bomb Traders Inc. in Burnaby just
received an invoice dated May 1, 2022 from
Urban Eats headphones in the amount of
$60,000 with terms of 4/15, 2/30, n/45 ROG.
The items on the invoice are received
TODAY. What amount is the full payment if
Urban Eats pays the invoice on
a) May 10?
b) June 15?
(ROG: means Receipt of Goods) as
covered in class

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