Answer to Question #216323 in Accounting for zuby

Question #216323

What is the last payment date on which the cash discount can be taken on goods sold on March 5

for USD 51,200; terms 3/10/EOM, n/60? Assume that the bill is paid on this date and prepare the correct entries

on both the buyer's and seller's books to record the payment.


1
Expert's answer
2021-07-23T14:55:01-0400

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