Get to know all the types of payment terms that can appear on invoices
Invoice $800 1/10 Net 30. Web but what does it mean? Web the payment to be received on july 15 should be equivalent to $800.
Get to know all the types of payment terms that can appear on invoices
Prepare journal entries to record the. Therefore a credit of $12,000 must be entered in the allowance. On june 3 the customer returned $100 of the goods. 5% for settlement within 10. The amount received for the purpose served or promised to be served by a seller is. Web the payment to be received on july 15 should be equivalent to $800. How much should the seller expect to receive if the buyer. Web on july 1, a company receives an invoice for $800 with the terms 1/10, net 30. For example, if a vendor. On july 15, the payment should be.
For example, if a vendor. The present credit balance of $8,000 must become a credit balance of $20,000. How much should the seller expect to receive if the buyer pays on june 8? (a) 692 (b) 790 (c) 792 (d) 800 (e) 808 expert answer the. 1% discount for settlement in 10 days, net 30 meaning the full amount is due within 30 days. Web terms 1/10, n/30: Therefore a credit of $12,000 must be entered in the allowance. Web 05/18/2022 business college answered • expert verified on july 1, a company receives an invoice for $800 with the terms 1/10, net 30. The amount received for the purpose served or promised to be served by a seller is. For example, if a vendor. Web total days in the payment period:
