________ buyers include manufacturers, wholesalers, retailers, and government agencies.

A company offers a 2% discount on payments received within 10 days of the invoice date. Otherwise full payment must be received within 30 days of the invoice date

If the invoice date is January 5, the payment date is January 13, and the company received the invoice on January 7, what is the amount that should be remitted assuming a gross sale of $1,000? A) $200 B) $1,000 C) $1,020 D) $980 E) $196

What is the effect on the basic accounting equation of the cash payment of accrued interest payable previously accrued?

A) Increase assets, increase liabilities B) Decrease assets, decrease liabilities C) Decrease assets, increase liabilities D) Increase liabilities, decrease stockholders' equity E) Decrease liabilities, increase stockholders' equity