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On May 12, You Purchased $6,200 of Merchandise from a Supplier.The

Question 87

Multiple Choice

On May 12, you purchased $6,200 of merchandise from a supplier.The terms of the sale were 2/10, net 20.The discounted amount due is _____ which is payable no later than ____.May has 31 days.


A) $2,960; June 1
B) $3,515; June 1
C) $5,580; May 22
D) $6,076; May 22
E) $5,960; May 22

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