Solution-Review the case study of the lacy dodd

Review the case study of the lacy dodd

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Reference no: EM131621707

Question: Lacy Dodd has been directed to pay all invoices in time to receive any discounts offered by vendors. However, she has an invoice with terms of 2/10, n/30 for $2,983 and the fund for accounts payable has a balance of $2,196.83. So she elects to pay $2,000 on the invoice within the 10-day discount period and the remainder within the 30-day period. How much should be credited to the account for the $2,000 payment and how much remains to be paid?

Reference no: EM131621707

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Review the case study of the lacy dodd : Lacy Dodd has been directed to pay all invoices in time to receive any discounts offered by vendors. However, she has an invoice with terms of 2/10, n/30.

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Review the case study of the lacy dodd

Reference no: EM131621707

Reference no: EM131621707

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