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A Company Purchased $1,500 of Merchandise on Credit with Terms

Question 163

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 ten days?


A) $485
B) $500
C) Nothing will debited to Accounts Payable,the account should be credited in this situation
D) $470.45
E) $1,455

Correct Answer:

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