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5. On February 1, 2010 Abraham Company purchased merchandise from Hill Inc., for $6,500 ...

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Accounting

5. On February 1, 2010 Abraham Company purchased merchandise from Hill Inc., for $6,500

subject to terms of 2/10, n/45.

A. Assuming that Abraham paid for the merchandise during the discount period.

How much would they remit (pay) to Hill Inc.? ____________

B. Assuming that Abraham does not pay for the merchandise until March 16, 2010

How much would they remit (pay) to Hill Inc.? ____________

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