A company purchases merchandise inventory for $145,300 on credit terms of 3/10 net 30. The...

60.1K

Verified Solution

Question

Accounting

A company purchases merchandise inventory for $145,300 on credit terms of 3/10 net 30. The bill is paid within the discount period. The amount of cash paid to the supplier is:

Select one:

a.

$145,300

b.

$140,941

c.

$142,627

d.

$139,953

e.

$143,121

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students