A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50
Question:
A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as payment in full on June 23 is:
(a) $700.
(b) $686.
(c) $685.
(d) $650.
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b The full amount of 686 is paid within 10 days of the purchase 750 50 ...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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