Using the Dating Method, Calculate the Discount Date and the Net

question 23

Short Answer

Using the dating method, calculate the discount date and the net date. Unless otherwise specified, the net date is 20 days after the discount date: $$\begin{array} { l l l l } \text { Date of Invoice } & \text { Terms of Sale } & \text { Discount Date } & \text { Net Date } \\\text { July } 20 & 2 / 10,60 \text { Extra } &\end{array}$$