On April 1, 2020, merchandise subject to terms 2/10, n/30 was sold on account to...
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On April 1, 2020, merchandise subject to terms 2/10, n/30 was sold on account to a customer for $27,000. On April 4, the customer returned $8,000 of the goods and the seller issued a credit memorandum for that amount. This return occurred prior to payment by the customer. 13. What is the amount of cash required to be paid by the customer if payment is made on April 8, 2020? a. $ 18,460. b. $ 18,620. c. $ 19,000. d. $ 27,000.
14. What is the amount of cash required to be paid by the customer if payment is made on April 21, 2020? a. $ 18,620. b. $ 19,000. c. $ 26,460. d. $ 27,000.
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