A business had a balance at the bank of $2,500 at the start of the month. During the following month, it paid for materials invoiced at $1,000 less trade discount of 20% and cash discount of 10%. It received a cheque from a customer in respect of an invoice for $200, subject to cash discount of 5%.What was the balance at the bank at the end of the month?
A、$1,970
B、$1,980
C、$1,990
D、$2,000
A、$1,970
B、$1,980
C、$1,990
D、$2,000
【参考答案及解析】
$ Opening bank balance 2,500 Payment ($1,000 - $200) x 90% (720) Receipt ($200 - $10) 190 Closing bank balance 1,970
$ Opening bank balance 2,500 Payment ($1,000 - $200) x 90% (720) Receipt ($200 - $10) 190 Closing bank balance 1,970