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Kaden Co. purchases merchandise on account from Jase Co. for $9,600, receiving an invoice dated...

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Question

Accounting

Kaden Co. purchases merchandise on account from Jase Co. for $9,600, receiving an invoice dated July 15 with terms 1/15, net 45. If Kaden Co. chooses not to take the discount, by what date must the payment be made?

a.August 15

b.July 25

c.August 29

d.July 30

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