Question: Please explain the solution to this general accounting problem with accurate principles. On December 1, 2020, Green's Electronics sold merchandise with a cost of $8,000

Please explain the solution to this general accounting problem with accurate principles.

On December 1, 2020, Green's Electronics sold merchandise with a cost of $8,000 for $15,000, FOB destination, with payment terms of 2/10, n/30. Green's paid transportation costs of $200. Of these, merchandise sold for $4,000 (with a cost of $2,000) was returned on December 5. The company received payment for the remaining balance on December 8, 2020. Calculate the Net Sales Revenue. a) $11,600 b) $10,560 c) $11,760 d) $10,760

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