Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on march 30, century link received an invoice date

On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for...

70.2K

Verified Solution

Question

Accounting

On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 62 televisions at a cost of $100 each. Century received a 15/2/2 chain discount. Shipping terms were FOB shipping point. ACME prepaid the $92 freight. Terms were 3/10 EOM. When Century received the goods, 2 sets were defective. Century returned these sets to ACME. On April 8, Century sent a $200 partial payment. Century will pay the balance on May 6. What is Centurys final payment on May 6? Assume no taxes. (Do not round intermediate calculations. Round your answer to the nearest cent

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

Psychology
1.2K views

Essay on how tourism impacts the environment

Accounting
1.2K views

Prepare journal entries to record the following merchandising transactions of Cabela’s, which uses the perpetual inventory...

Biology
1.2K views

What human activities have changed the biosphere of Planet Earth Industry Agriculture Exploration Hunting and...

Biology
1.2K views

In many Native American societies women were just as likely to be found among the...

Physics
1.2K views

Example 3 1 a Estimate the average drift speed of conduction electrons in a copper...

Basic Math
1.2K views

Rearrange and isolate the indicated variables a M in S C M b P in...

Basic Math
1.2K views

Raya sent an encoded message back to Darnell that provides the location of the next...

Accounting
1.2K views

Rockyford Company must replace some machinery that has zero book value...

Accounting
1.2K views

Identify three differences between a bond issued at a discount versus a bond issued at...

Accounting
1.2K views

2. 4

Accounting
1.2K views

(CO B) The purpose of money laundering is to All of the choices are correct....

Accounting
1.2K views

During the risk assessment phase, the auditor makes a judgement on the industry in which...