Javiers Groceries purchased merchandise in the amount of $17,400 on September 1, with payment terms...

90.2K

Verified Solution

Question

Accounting

Javiers Groceries purchased merchandise in the amount of $17,400 on September 1, with payment terms of 2/10, n/30. On September 4, Javier returns $2,400 of the merchandise to seller.

If Javiers pays the remaining amount of the invoice within the discount period, the amount paid should be:

Group of answer choices

a. $14,700

b. $17,052

c. $15,000

d. $15,582

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