On August 1, 2020 Dan Company sold merchandise worth $5,000 to Zein Company, terms 2/10, n/30....
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On August 1, 2020 Dan Company sold merchandise worth $5,000 to Zein Company, terms 2/10, n/30. On August 6 Zein returned merchandise valued $200 and on August 13 Zein paid the account in full. On August 13 cash received from Zein Company is: * $5,200 $5,000 O $4,800 O $4,704 O None of the above On August 1, 2020 Dan Company sold merchandise worth $5,000 to Zein Company, terms 2/10, n/30. On August 6 Zein returned merchandise valued $200 and on August 13 Zein paid the account in full. On August 13 cash received from Zein Company is: * $5,200 $5,000 O $4,800 O $4,704 O None of the above
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Here payment terms are 210 n30 which means Zein compa... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date:
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