Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the transaction. Unless otherwise specified, the net date is 20 days after the discount date. Date of Invoice Terms of Sale Discount Date Net Date February 9 2/10, 60 Extra -Select--- v --Select---

Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the transaction. Unless otherwise specified, the net date is 20 days after the discount date. Date of Invoice Terms of Sale Discount Date Net Date February 9 2/10, 60 Extra -Select--- v --Select---

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 13Q: If a customer purchased merchandise in the amount of $340, terms 3/10, n/30, returned $70 of the...

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Question

Using the EOM, ROG, and Extra dating methods, calculate the discount date
and the net date for the transaction. Unless otherwise specified, the net date
is 20 days after the discount date.
Date of Invoice
Terms of Sale
Discount Date
Net Date
February 9
2/10, 60 Extra
-Select---
-Select---
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While issuance of invoice the terms of discount is also mentioned using EOM, ROG or extra dating method.

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