Question

Sheffield Corp. sells $2600 of merchandise on account to Concord Company with credit terms of 2/11, n/30. If Concord Company remits a check taking advantage of the discount offered, what is the amount of Concord Company's check

Answer 1

the amount of the concord company check is $2,548

Step-by-step explanation:

The computation of the amount of the concord company check is shown below:

= Sale value of the merchandise - discount

= $2,600 - ($2,600 × 2%)

= $2,600 - $52

= $2,548

Hence, the amount of the concord company check is $2,548

The same should be considered