An invoice for office furniture for $1,210.88 with terms of 2/10, 1/60 is dated October 3.

What is the last date on which the cash discount may be taken?

Cash discount taken on

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?