An invoice dated November 6 in the amount of $38929 with terms of 2%2/10, 1/15 ROG, 2% penalty per month is received by Cargill Limited from Agricore United. The wheat shipment is received on December 2. Cargill Limited made a partial payment of $15,000 on December 10. What amount should Cargill pay to clear its invoice on December 13? Select one: a. $22838.05 b. $23073.49 c. none d. $23308.94

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 10EA: Barkers Baked Goods purchases dog treats from a supplier on February 2 at a quantity of 6,000 treats...
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An invoice dated November 6 in the amount of $38929 with terms of 2%2/10, 1/15 ROG, 2% penalty per month is received by Cargill Limited from Agricore United.
The wheat shipment is received on December 2. Cargill Limited made a partial payment of $15,000 on December 10. What amount should
Cargill pay to clear its invoice on December 13?
Select one:
a. $22838.05
b. $23073.49
c. none
d. $23308.94
Transcribed Image Text:An invoice dated November 6 in the amount of $38929 with terms of 2%2/10, 1/15 ROG, 2% penalty per month is received by Cargill Limited from Agricore United. The wheat shipment is received on December 2. Cargill Limited made a partial payment of $15,000 on December 10. What amount should Cargill pay to clear its invoice on December 13? Select one: a. $22838.05 b. $23073.49 c. none d. $23308.94
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