I don't need ai answer general accounting question Adams Electronics of Chicago sold Taylor Manufacturing ofDetroit computer equipment with a $15,800 list price. Sale termswere 3/10, n/30 FOB Chicago. Adams agreed to prepay the $125freight. Taylor pays the invoice within the discount period. Whatdoes Taylor pay Adams?

Step 1: Definition of Cash Discount Terms (3/10, n/30)The cash discount terms 3/10, n/30 mean that…

Answered: Adams Electronics of Chicago sold…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 7DQ

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Adams Electronics of Chicago sold Taylor Manufacturing of Detroit computer equipment with a $15,800 list price. Sale terms were 3/10, n/30 FOB Chicago. Adams agreed to prepay the $125 freight. Taylor pays the invoice within the discount period. What does Taylor pay Adams?