Solved: On january 15 2008 exter purchased items from garn for 4200, Accounting Basics

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On january 15 2008 exter purchased items from garn for 4200

Question - Exter Co. receives terms of 2/10, n/30 on all invoices from Garn Industries. On January 15, 2008, Exter purchased items from Garn for $4,200, excluding taxes and shipping costs. What amount would Exter use as the purchase discount if the invoice was paid on January 28, 2008?

1. $0

2. $84

3. $4,116

4. $4,200

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Accounting Basics: On january 15 2008 exter purchased items from garn for 4200

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Accounting Basics: On january 15 2008 exter purchased items from garn for 4200

Reference No:- TGS02941773

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