Can Tech Supply recently received two invoices, which were subsequently paid. The anmounts. terms. invoice dates and the dates the payments were made are shown below Based an this intomationdetermine the amounts of the payments that would have been made to settle the bils For fu marks your arswers) should be rounded to the nearest centCick here for help computing the number of days between two datesInvoice Amount Credit Terms Invoice Date Payment Date Payment$1,103.293/15, n/20April 6April 190.00$1,611.721.25/10, n/20June 18June 290.00

Companies gives credit to customers to increase the sales and also give discounts to customers to…

or the hat would have been made to sete the bils For maks your answer) shoud be rounded to the neorest cent lick here for help computing the number of days between heo dates Invoice Amount Credit Terms Invoice Date Payment Date Payment April 19 June 29 $1,103.29 3/15, n20 April 6 0.00 $1,611.72 1.25/10, n20 June 18 0.00

or the hat would have been made to sete the bils For maks your answer) shoud be rounded to the neorest cent lick here for help computing the number of days between heo dates Invoice Amount Credit Terms Invoice Date Payment Date Payment April 19 June 29 $1,103.29 3/15, n20 April 6 0.00 $1,611.72 1.25/10, n20 June 18 0.00

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 2AP

See similar textbooks

Similar questions

What amount must be remitted if invoices dated August 23 for $810, September 13 for $780 and September 22 for $905, all terms 2/10 E.O.M., are paid together on October 5? DCM Clocks received the following two invoices from its supplier: $25,000 on August 29, 2014 and $24,000 on September 8, 2014. If the payment terms on both the invoices were 2.5/10, 1/20, n/60, calculate the amount that must be paid by DCM Clocks to settle both of these invoices on September 18, 2014. David, the owner of a brewery in Toronto, receives a shipment of barley on August 1, 2014 with an invoice dated July 24, 2014 valued at $39,900 and cash discount payment terms 2/10, n/30, R.O.G. What cash discount would he receive if the invoice is settled on the following dates? August 4, August 11, August 24
What payment on January 31, 2014 will settle an invoice for $3,500 dated January 27, 2014 and payment terms 3/10 E.O.M.? Round to the nearest cent
Calculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale PartialPayment Credit forPartial Payment NetAmount Due $8,303.00 2/10, n/30 $2,400 $ $
How do you find the amount of payment to be credited and the balance outstanding when you know the amount on the invoice is $600, it was dated on 7/5 with terms of 4/10 and n/60, and that a partial payment of $400 was made on 7/14?
How do you find the amount of payment to be credited and the balance outstanding when you know the amount of invoice is $600, the terms are 4/10 and n/60, the invoice date is 7/5, the actual partial payment made is $400, and the date of partial payment is 7/14?
The activity in the credit card account of Mara for one billing period shows the following transactions: November 18 purchase of P 4,500.00; November 25 purchase of P23,000.00; December 3 payment of P30,000.00 and December 10 purchase of P8,430.00. (1.) Find the average daily balance on the next billing date of December 23 if the previous balance was P 5,900.00. Given the finance charge of 2.25% on the daily balance. (b) Find the finance charge and the balance owned on December 23.
The activity in the credit card account of Mara for one billing period shows the following transactions: November 18 purchase of P 4,500.00; November 25 purchase of P23,000.00; December 3 payment of P30,000.00 and December 10 purchase of P8,430.00. (1.) Find the average daily balance on the next billing date of December 15 if the previous balance was P 5,900.00 due on November 15. Given the finance charge of 2.25% on the daily balance. (b) Find the finance charge and the balance owned on December 15. The AST Enterprise is currently selling stocks at P 2, 300.00 and with a dividend of P150. What is the current yield of stocks.
On March 29, Jangles Corporation received a $21,800 invoice dated March 26. Cash discount terms were 4/10, n/30. On April 02, Jangles sent an $8,720 partial payment.a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credit b. What is Jangles’ outstanding balance? (Round your answer to the nearest cent.) Outstanding Balance
An invoice of RO500 with the terms 2/10, n/30 ROG is dated on June 10. The goods are received on June 18. The bill is paid on June 25. Calculate the amount of discount paid.
Lizzie Gunderson is trying to establish a credit history and has a Visa charge card. She received a September 3 statement that shows a balance of $254.80 from the previous month. The statement shows the following transactions: payment on September 12 of $50, charge on September 15 of $35.18, charge on September 20 of $120, and a final charge on October 2 of $14.60. Calculate the average daily balance for September.
Using the table, what is the average daily balance of the credit card for the July 1 - July 31 billing period? Round your answer to the nearest cent. Day Activity Adjustment Closing Balance 1 ----- ------ 8000 9 Payment −700 7300 19 Purchase +550 7850 27 Payment −600 7250
The end-of-the month balance in Igado’s cash disbursement journal “Sundry Account” column is P19,870. How will the column be posted and what is the posting reference will be entered?