An invoice is dated October 24 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following.   (a) What is the discount date?  ---Select--- January February March April May June July August September October November December    (b) What is the net date?  ---Select--- January February March April May June July August September October November December

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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An invoice is dated October 24 with terms of 4/18 EOM. Assuming the net date is 20 days after the discount date, find the following.
 
(a)
What is the discount date?
 ---Select--- January February March April May June July August September October November December 
 
(b)
What is the net date?
 ---Select--- January February March April May June July August September October November December 
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