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Determine amount of discount payable and amount of maturity date:

Determine amount of discount payable and amount of maturity date:

FINANCIAL ACCOUNTING
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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Instruction: Show the computation Amount in Peso should be rounded off to the nearest cent. 2. Below are the dating offered by several wholesalers to 4R Company for order amounting to P70,000.00: b. 14/4 ROG, net 50 days. 8/10 Season Dating. 10/8 Indirect Dating. d. 7/12 End-of-the-Month C. Dating. 12/4 Receipts of Goods Dating. Determine amount of discount payable and amount of maturity date: Where: Date of order --- September 5, 20A Date of invoice ---September 10, 20A Start of selling season --- October 15, 20A Date of shipment ---September 12, 20A Date of arrival of goods Terms and Dating TERMS AND DATINGS PRINCIPAL AMOUNT --- - September 22, 20A AMOUNT OF DISCOUNT (Principal x Percentage of discount) AMOUNT PAYABLE MATURITY DATE (Principal Amount of Discount)
Transcribed Image Text:Instruction: Show the computation Amount in Peso should be rounded off to the nearest cent. 2. Below are the dating offered by several wholesalers to 4R Company for order amounting to P70,000.00: b. 14/4 ROG, net 50 days. 8/10 Season Dating. 10/8 Indirect Dating. d. 7/12 End-of-the-Month C. Dating. 12/4 Receipts of Goods Dating. Determine amount of discount payable and amount of maturity date: Where: Date of order --- September 5, 20A Date of invoice ---September 10, 20A Start of selling season --- October 15, 20A Date of shipment ---September 12, 20A Date of arrival of goods Terms and Dating TERMS AND DATINGS PRINCIPAL AMOUNT --- - September 22, 20A AMOUNT OF DISCOUNT (Principal x Percentage of discount) AMOUNT PAYABLE MATURITY DATE (Principal Amount of Discount)
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