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Author Question: Leo Corp has received an invoice for $6,500 with terms of 3/15, n/45 and uses the net method to ... (Read 48 times)

RRMR

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on: Feb 18, 2020
Leo Corp has received an invoice for $6,500 with terms of 3/15, n/45 and uses the net method to record purchases. If Leo pays the invoice on the seventeenth day, the Cash account will be:
◦ debited for $6,305.
◦ credited for $6,500.
◦ credited for $195.
◦ credited for $6,305.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by RRMR on Feb 18, 2020

EAN94

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

rachel

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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