The Monty Inc. offers credit customers the following repayment terms: 6/12, n/30. On June 1,2021,...
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The Monty Inc. offers credit customers the following repayment terms: n On June Monty sold merchandise at a price of $ The customer paid on June the payment was net of the cash discount and the remaining balance was paid on July
Calculate the amount credited to interest revenue, when the payment is received on July using the net method.
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