Terms of discount

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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2.) Complete the following:
Invoice Date goods
Date
Received
a.) Dec 25
b.) April 18
c.) July 9 Nov. 29
d.) April 28
Last day End of
Terms of discount
1/10,n30
2/10, n30 EOM
3/10,n/30 ROG
2/10, n30 EOM
credit period.
Transcribed Image Text:2.) Complete the following: Invoice Date goods Date Received a.) Dec 25 b.) April 18 c.) July 9 Nov. 29 d.) April 28 Last day End of Terms of discount 1/10,n30 2/10, n30 EOM 3/10,n/30 ROG 2/10, n30 EOM credit period.
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