Given: The 456 Company purchased office supplies from A-One Supplies worth P80,000 on April 04, 2021. A - One Supplies gave the buyer trade discount of 5% and 2%. The buyer and supplier agreed with the term of 5/15, n/30. Required: How much will be paid by 456 Company on April 18?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 5EB: Steele Corp. purchases equipment for $30,000. Regarding the purchase, Steele paid shipping of...
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Given: The 456 Company purchased office supplies from A-One Supplies worth
P80,000 on April 04, 2021. A - One Supplies gave the buyer trade discount of 5%
and 2%. The buyer and supplier agreed with the term of 5/15, n/30.
Required: How much will be paid by 456 Company on April 18?
Transcribed Image Text:Given: The 456 Company purchased office supplies from A-One Supplies worth P80,000 on April 04, 2021. A - One Supplies gave the buyer trade discount of 5% and 2%. The buyer and supplier agreed with the term of 5/15, n/30. Required: How much will be paid by 456 Company on April 18?
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