Terms Using the information given in the table, find Cash Discount/Dating cash discount due date. ****Note: We are using 30 day month method where all months are considered to have 30 days only to make calculation easier. Do not use an actual calendar to count discount due dates. Show your work/equation in the table.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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3.
Cash Discount/Dating Terms
Using the information given in the table, find
.
cash discount due date.
****Note: We are using 30 day month method where all months are considered to
have 30 days only to make calculation easier. Do not use an actual calendar to count
discount due dates.
Show your work/equation in the table.
Receipt
Dating Terms
Cash Discount Due Date
Date
Feb. 11
3/10, n/30
Aug. 29
3/10 ROG
July 15
8/10 EOM
Oct. 20
6/10-30X
July 23
6/10 as of October 1
I
Invoice
Date
Feb. 6
Aug. 18
July 10
Oct. 15
July 5
Transcribed Image Text:3. Cash Discount/Dating Terms Using the information given in the table, find . cash discount due date. ****Note: We are using 30 day month method where all months are considered to have 30 days only to make calculation easier. Do not use an actual calendar to count discount due dates. Show your work/equation in the table. Receipt Dating Terms Cash Discount Due Date Date Feb. 11 3/10, n/30 Aug. 29 3/10 ROG July 15 8/10 EOM Oct. 20 6/10-30X July 23 6/10 as of October 1 I Invoice Date Feb. 6 Aug. 18 July 10 Oct. 15 July 5
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