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Andrea purchased raw materials for her factory and received an invoice for $16,000 dated May 17,...

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Accounting

Andrea purchased raw materials for her factory and received aninvoice for $16,000 dated May 17, 2018, with terms 3/10, 2.3/15,n/30. She made a partial payment of $10,000 on June 1, 2018, andthe balance on June 16, 2018. What was the total Andrea paid forthe invoice?

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3.5 Ratings (287 Votes)
Invoice Date 17May18 Invoice Amount 16000 Terms of Payment 310 2315 n30 It means that if buyer makes the payment within 10 days of invoice date    See Answer
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