Three invoices for the amounts of $35,100, $26,000, and $40,250 were received on September 28, 2014, October 28, 2014, and November 20, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on November 27, 2014 to settle all three invoices. $0.00 Round to the nearest cent.

Three invoices for the amounts of $35,100, $26,000, and $40,250 were received on September 28, 2014, October 28, 2014, and November 20, 2014, respectively. If the payment terms are 3/7, 2/30, n/60, calculate the amount that must be paid on November 27, 2014 to settle all three invoices. $0.00 Round to the nearest cent.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter14: Long-term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 11E

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