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Rachelle, the manager of the Petite Boulangerie, has placed an order for a new stove. The invoice for the order, dated June 6, is for $30,000 with the following payment terms: 3/10, 2/30, N60. Calculate the balance to carry forward if she makes a payment of $10,000 on June 16. Calculate the payment she will have to make on July 6 if she wants to reduce her account balance to $2000.

Rachelle, the manager of the Petite Boulangerie, has placed an order for a new stove. The invoice for the order, dated June 6, is for $30,000 with the following payment terms: 3/10, 2/30, N60. Calculate the balance to carry forward if she makes a payment of $10,000 on June 16. Calculate the payment she will have to make on July 6 if she wants to reduce her account balance to $2000.

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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Rachelle, the manager of the Petite Boulangerie, has placed an order for a new stove. The invoice for the order, dated June 6, is for $30,000 with the following payment terms: 3/10, 2/30, N60. Calculate the balance to carry forward if she makes a payment of $10,000 on June 16. Calculate the payment she will have to make on July 6 if she wants to reduce her account balance to $2000.
Transcribed Image Text:Rachelle, the manager of the Petite Boulangerie, has placed an order for a new stove. The invoice for the order, dated June 6, is for $30,000 with the following payment terms: 3/10, 2/30, N60. Calculate the balance to carry forward if she makes a payment of $10,000 on June 16. Calculate the payment she will have to make on July 6 if she wants to reduce her account balance to $2000.
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