Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300O 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 $800 of the machinery due to defects. What does Intel pay Bally on August 12? Payable amount 2$ 8,512

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300O 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 $800 of the machinery due to defects. What does Intel pay Bally on August 12? Payable amount 2$ 8,512

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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