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Aronian Import received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20 R.O.G. How much must Aronian Import pay on January 20th to reduce its debt by $3000.00?

Aronian Import received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20 R.O.G. How much must Aronian Import pay on January 20th to reduce its debt by $3000.00?

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 6MC: Doer Company reports year-end credit sales in the amount of $390,000 and accounts receivable of...
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Aronian Import received an invoice dated January 5 for a shipment of goods received January 11. The invoice was for $5525.00 less 40%, 8% with terms 3/20 R.O.G. How much must Aronian Import pay on January 20th to reduce its debt by $3000.00? 

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