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.

this means that because the invoice was paid before the end of month, the customer get's a ten percent discount. So you would multiply 4074 by ten percent, subtract that from the purchase made on account, and that is what the check should be written for.

4074 * .10 = 407.40
4074-407.40= 3666.60 ( what customer owes)