Solved: If kari paid for the purchase on may 9th how much cash was, Accounting Basics

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If kari paid for the purchase on may 9th how much cash was

Question - Kari Company purchased 60 kitchen tables on May 1, 2016. The tables were purchased for $200 each with terms 2/5, net 30. The chairs were shipped FOB destination. If Kari paid for the purchase on May 9th, how much cash was exchanged and what is the amount of the purchase discount recorded?

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Accounting Basics: If kari paid for the purchase on may 9th how much cash was

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