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Author Question: Morris Jewelry Store sold R. Alexander a diamond engagement ring for $2,000 plus 5% PST and 5% GST. ... (Read 78 times)

xclash

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Morris Jewelry Store sold R. Alexander a diamond engagement ring for $2,000 plus 5% PST and 5% GST. Terms of the sale are n/30. Date of the sale was April 12, date of the payment was May 12. On April 15, R. Alexander received an allowance for a flaw in the ring, $500.

Required: Determine the amount R. Alexander should pay Morris Jewelry Store, May 12. Show your computations.


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Marked as best answer by xclash on Nov 11, 2019

amandanbreshears

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xclash

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Reply 2 on: Nov 11, 2019
Excellent


billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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