On Jan/13th , firm ABC sold on account $5,000 in merchandise with terms of sale...
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Accounting
On Jan/13th , firm ABC sold on account $5,000 in merchandise with terms of sale of 2/8; n/eom. If two days after the buyer returned $3,500 of the merchandise purchased, what is the amount of discount?
a.$50
b.$100
c.$70
d.$30
When is the last day the buyer can pay to receive the discount on the previous question?
a. 01/21st
b. 01/30th
c. 01/31st
d.01/15th
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