Answered: An invoice for $9156.86 is dated June…

An invoice for $9156.86 is dated June 23, 2022 with terms 4/10, 2/20, n/60 ROG. The goods are received by the purchaser on July 5, 2022. What is the amount paid if paid in full on July 24, 2022?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 20MC: Mark Industries issues a note in the amount of $45,000 on August 1, 2018 in exchange for the sale of...

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Question

An invoice for $9156.86 is dated June 23, 2022 with terms
4/10, 2/20, n/60 ROG. The goods are received by the
purchaser on July 5, 2022. What is the amount paid if
paid in full on July 24, 2022?

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