Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on december 12, your company sold and shipped $4,0

On December 12, your company sold and shipped $4,000 worth of goods to your...

90.2K

Verified Solution

Question

Accounting

On December 12, your company sold and shipped $4,000 worth of goods to
your customer ABC Inc. on account.
On December 15, ABC Inc. returned $1,200 worth of goods back to your
company and requested your company to credit its account for the return.
On December 20, ABC Inc. issued a check to your company to pay off the rest of
the accounts receivable.
Your company has a 2/10 net 30 credit term for ABC Inc.
What is the amount of the cash payment your company can receive from ABC
Inc. on December 20? Enter whole number, without comma or dollar sign.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

IN DETAIL Explain three approaches that can be used in order to improve ROI. The balanced scorecard contains...

Operations Management
Q

Many people in the small town of Econville have complained that there is no park for...

Economics
Q

Question 3: A)Design a BCD counter. -The circuit counts from 0 to 9, then resets back to...

Electrical Engineering
Q

In the diagram below quadrilateral TUVW is inscribed in circle X Solve for a and...

Geometry
Q

a Prove that 22 b Prove that Span 0 0 Span 022 in R Span...

Basic Math
Q

3 The information in the table describes a polynomial function Leading Coefficient Degree Zeros Local...

Algebra
Q

5 The table shows the total weight of shrimp a fisherman catches each week Time...

Algebra
Q

02 You oversee the $250 petty cash for your company. When an employee...

Accounting
Q

Shaun White Adventure Company (SWAC) Issued callable bonds on January 1,2024. SWAC's accountant...

Accounting
Q

Phoebe and Parker are equal members of Phoenix Investors, LLC. They are real estate investors...

Accounting
Q

eBook Payout Ratio and Book Value per Share Divac Company has developed a statement of...

Accounting
Q

(this is my work that i tried) 2 Current Attempt in Progress Flint...

Accounting