Multiple Choice
A company purchased $1,500 of merchandise on credit with terms 3/15,n/30.How much will be debited to Accounts Payable if the company pays $485 cash on this account within 10 days?
A) $485
B) $500
C) Nothing will be debited to Accounts Payable; the account should be credited in this situation.
D) $470.45
E) $1,455
Correct Answer:
Verified
Correct Answer:
Verified
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