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Charlet company offers credit terms of 415 n60 to its

Question - Charlet Company offers credit terms of 4/15, n/60 to its credit customers. Rutherford Corporation purchased 20 office chairs with a list price of $200 each from Charlet on July 5, 2005. Rutherford paid the invoice for its purchase on July 13, 2005.

Calculate the amount of cash Rutherford paid to Charlet. Do not use decimals in your answer.

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Accounting Basics: Charlet company offers credit terms of 415 n60 to its

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