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Lakeside Marine Received an Invoice from Osborne Boats Dated March

Question 12

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Lakeside Marine received an invoice from Osborne Boats dated March 26 with terms 1½ /15, n/45, ROG for four 19-foot Barracuda boats at $23,500 each less 20%, 5%. The boats arrived on April 27. Lakeside made a payment of $60,000 on the account on May10. How much does Lakeside still owe?

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