Having difficulties with n/10 EOM--Can someone explain this to me
I have a final assignment due and have several ledgers I have to fill out. At this point I cannot continue as I am seriously stuck on one problem. Any assistance in this would be greatly appreciated. The problem is one but have several along the same lines. If I can understand just one, I should be able to complete the others with no problem.
The problem:
May 10 Purchased $4,074 of office equipment on credit from Gear Supply Co. invoice dated May 10, terms n/10 EOM.
May 19 Issued Check No. 3413 to Garcia, Inc. in payment of its May 10 invoice less the discount.