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Business, 11.03.2020 17:08 Miguel9825

Leo Corp has received an invoice for $6,500 with terms of 3/15, n/45 and uses the net method to record purchases. If Leo pays the invoice on the seventeenth day, the Cash account will be:

A. debited for $6,305
B. credited for $6,500
C. credited for $195
D. credited for $6,305

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Answers: 1

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Leo Corp has received an invoice for $6,500 with terms of 3/15, n/45 and uses the net method to reco...
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