Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated the invoice July 30 with 2/10 EOM terms. Intel receives a 20% trade discount Intel pays the invoice on August 12. On August 1, Intel Corporation returns $800 of the machinery due to defects. What does Intel pay Bally on August 12? Payable amount
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated the invoice July 30 with 2/10 EOM terms. Intel receives a 20% trade discount Intel pays the invoice on August 12. On August 1, Intel Corporation returns $800 of the machinery due to defects. What does Intel pay Bally on August 12? Payable amount
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 15EA: Resin Milling issued a $390,500 note on January 1, 2018 to a customer in exchange for merchandise....
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![Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated the invoice July 30
with 2/10 EOM terms. Intel receives a 20% trade discount Intel pays the invoice on August 12. On August 1, Intel Corporation
returns $800 of the machinery due to defects. What does Intel pay Bally on August 12?
Payable amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3f700f5c-8a94-4d69-b585-3d10e38f5c60%2Fde704558-076d-4914-bc50-8f1f4a70adeb%2F6cazwav.jpeg&w=3840&q=75)
Transcribed Image Text:Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated the invoice July 30
with 2/10 EOM terms. Intel receives a 20% trade discount Intel pays the invoice on August 12. On August 1, Intel Corporation
returns $800 of the machinery due to defects. What does Intel pay Bally on August 12?
Payable amount
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