If the merchandiser pays within 10 days of theinvoice date how much will they actually pay?Explain your answer.Use the invoice below. Module 8 Lesson 1 AssignmentABC CompanySALES INVOICE123 Main StreetWilmington, NC 28401Phone 910.555.1212 Fax 910.555.1234INVOICE #10DATE: JANUARY 10, 20XXTO:SHIP TO:Accounts Payable DepartmentSports Emporium991 Industry AvenueWilmington, NC 28412910.555.9876Receiving ClerkSports Emporium991 Industry AvenueWilmington, NC 28412910.555.5678COMMENTS OR SPECIAL INSTRUCTIONS:SALESPERSONP.O. NUMBERREQUISITIONERSHIPPED VIAF.O.B. POINTTERMSOvernightExpressFred Taylor123456Cindy JacksonDestination2/10, n/30UNIT PRICEТOTALDESCRIPTIONQUANTITY$20.00$1,000.0050Spalding NCAA Basketball$125.00$1,875.0015Louisville Slugger Baseball Bat$65.00$1,300.0020Koho Hockey SticksSUBTOTAL$4,175.00SALES TAXSHIPPING & HANDLINGTOTAL DUE$4,175.00

The terms of payment are 2/10, n/30 which means that if the payment for invoice is paid within 10…

Answered: If the merchandiser pays within 10 days…

Business

Accounting

If the merchandiser pays within 10 days of the invoice date how much will they actually pay?

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter4: Posting To A General Ledger

Section: Chapter Questions

Problem 2AP

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