Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,600 list price. Bally dated the invoice August 06 with 4/10 EOM terms. Intel receives a 30% trade discount. Intel pays the invoice on August 19. On August 1, Intel Corporation returns $600 of the machinery due to defects. What does Intel pay Bally on August 19? Payable amount

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,600 list price. Bally dated the invoice August 06 with 4/10 EOM terms. Intel receives a 30% trade discount. Intel pays the invoice on August 19. On August 1, Intel Corporation returns $600 of the machinery due to defects. What does Intel pay Bally on August 19? Payable amount

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 7DQ

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