Regal Spas, Inc., purchased $17,400 worth of inventory from the Pool Palace on account, terms of 1/10,

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Regal Spas, Inc., purchased $17,400 worth of inventory from the Pool Palace on account, terms of 1/10, n/30. Some of the goods are damaged in shipment, so Regal Spas, Inc., returns $1,600 of the merchandise to the Pool Palace. How much must Regal Spas, Inc., pay the Pool Palace

a. After the discount period?

b. Within the discount period?

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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