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A cellular company purchased $28,600 in cell phones on September 25. The terms of sale were 4/20, 3/30, n/60. Freight terms were F.O.B. destination. Returned goods amounted to $650.
Problem (a) What is the net amount due (in $) if the cellular company sends the manufacturer a partial payment of $6,000 on October 20? (Round your answer to the nearest cent.)
Problem (b) What is the net date?
Problem (c) If the manufacturer charges a 4 1/2% late fee, how much (in $) would the cellular company owe if it did not pay the balance by the net date? (Round your answer to the nearest cent.)
accounting entries from the given information.colo company sales journaldateaccount debitedinv.no.trans.no.ar debitnbsp
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