Becky M.

asked • 06/26/16

Accounting Question!!!

Etcetera Clothing sold merchandise inventory on account at a price of $22,000 with payment terms of 2/10, n/30. The merchandise cost Etcetera Clothing $18,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Etcetera Clothing?

$18,000
$21,560
$17,640
$22,000

2 Answers By Expert Tutors

By:

Becky M.

Thank you! :)
 
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06/26/16

Joseph C.

tutor
You are welcome. It is always gratifying to hear from students.
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06/26/16

Degonimia H. answered • 07/01/16

Tutor
New to Wyzant

Efficient work at reduced prices

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