Respuesta :
The amount of check paid by Company G after claiming the cash discount of $42, that is,($2,100 X 2%) comes out to be $2,058, that is, ($2,100 - $42).
What is a cash discount?
A cash discount is a type of rebate being allowed by seller to the buyer on the amount of receivables for a specified period of time.
From the given situation, it has been observed that the amount paid on credit sale by Company G is within the discount period of 7 days. This means that a discount of 2% should be provided to the Company G on the amount of receivables of $2,100.
Therefore, the net amount to be paid by Company G is equal to $2,058 which is determined after deducting discount of $42 from total receivables of $2,100.
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