4. A credit sale of $1000 is made on April 25, terms 3/10, n/30, on which...

4. A credit sale of $1000 is made on April 25, terms 3/10, n/30, on which a return of $50 is granted on April 28. What amount is received as payment in full on May 4?

6. Company X sells $500 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's check?

7. Holt Company sells merchandise on account for $4,000 to Jones Company with credit terms of 2/10, n/30. Jones Company returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

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ekkarill92 answered 1 year ago

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