General Accounting:-9 Silver Cloud Computing purchased office equipment for $75,000 with a trade discount of 12% and cash discount terms of 2/10, n/30. If they pay within the discount period, calculate the final payment amount. a) $64,680 b) $66,000 c) $65,340 d) $63,900

General Accounting:-9 Silver Cloud Computing purchased office equipment for $75,000 with a trade discount of 12% and cash discount terms of 2/10, n/30. If they pay within the discount period, calculate the final payment amount. a) $64,680 b) $66,000 c) $65,340 d) $63,900

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...

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General accounting question

General Accounting:-9
Silver Cloud Computing purchased office equipment for
$75,000 with a trade discount of 12% and cash discount terms
of 2/10, n/30. If they pay within the discount period, calculate
the final payment amount.
a) $64,680
b) $66,000
c) $65,340
d) $63,900

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