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Category > Accounting Posted 28 May 2017 My Price 5.00

Ever Green Company

On July 29, 2012, Ever Green Company, a garden retailer, purchased $12,000 of seed, terms 2/10, n/30, from Fleck Seed Co. Even though the discount period had expired, Mary Jasper subtracted the discount of $240 when she processed the documents for payment on August 13, 2012.

Discuss whether Mary Jasper behaved in a professional manner by subtracting the discount, even though the discount period had expired.

 

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(8)
Status NEW Posted 28 May 2017 09:05 AM My Price 5.00

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file 1495965151-Answer.docx preview (139 words )
O-----------n J-----------uly----------- 29-----------, 2-----------012-----------, E-----------ver----------- Gr-----------een----------- Co-----------mpa-----------ny,----------- a -----------gar-----------den----------- re-----------tai-----------ler-----------, p-----------urc-----------has-----------ed -----------$12-----------,00-----------0 o-----------f s-----------eed-----------, t-----------erm-----------s 2-----------/10-----------, n-----------/30-----------, f-----------rom----------- Fl-----------eck----------- Se-----------ed -----------Co.----------- Ev-----------en -----------tho-----------ugh----------- th-----------e d-----------isc-----------oun-----------t p-----------eri-----------od -----------had----------- ex-----------pir-----------ed,----------- Ma-----------ry -----------Jas-----------per----------- su-----------btr-----------act-----------ed -----------the----------- di-----------sco-----------unt----------- of----------- $2-----------40 -----------whe-----------n s-----------he -----------pro-----------ces-----------sed----------- th-----------e d-----------ocu-----------men-----------ts -----------for----------- pa-----------yme-----------nt -----------on -----------Aug-----------ust----------- 13-----------, 2-----------012-----------. -----------Dis-----------cus-----------s w-----------het-----------her----------- Ma-----------ry -----------Jas-----------per----------- be-----------hav-----------ed -----------in -----------a p-----------rof-----------ess-----------ion-----------al -----------man-----------ner----------- by----------- su-----------btr-----------act-----------ing----------- th-----------e d-----------isc-----------oun-----------t, -----------eve-----------n t-----------hou-----------gh -----------the----------- di-----------sco-----------unt----------- pe-----------rio-----------d h-----------ad -----------exp-----------ire-----------d. ----------- An-----------swe-----------r -----------The----------- Ac-----------cou-----------nti-----------ng
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