On April 28, The Springfield Company purchased merchandise having a list price of $20,000 from Johnson Brothers. They were given a series of trade discounts of 15/10/5. The terms of the sale were 3/15 EOM. Freight charges of $600 were added to the invoice.
A)What is the discount date?
B)What is the amount due on the discount date?

Question

Quizplus · Accepted Answer

The Answer of On April 28, The Springfield Company purchased merchandise having a list price of $20,000 from Johnson Brothers. They were given a series of trade discounts of 15/10/5. The terms of the sale were 3/15 EOM. Freight charges of $600 were added to the invoice.

On April 28, the Springfield Company Purchased Merchandise Having a List