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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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