Question 18 View Policies Current Attempt in Progress When customers make purchases with a national credit card, the retailer O is not involved in the collection process. O is responsible for maintaining customer accounts. absorbs any losses from uncollectible accounts. receives cash equal to the full price of the merchandise sold. e Textbook and Media Save for Later MacBook Air 5 vo Question 19 ing View Policies Current Attempt in Progress The interest on a $10500,5%, 1-year note receivable is port O $10500 O $11025. $10950 $525. e Textbook and Media Save for Later MacBook Air Question 20 --12 View Policies Current Attempt in Progress On January 15, Concord Corporation sells merchandise on account to Bridgeport Associates for $7400 with terms 2/10, 1/30. On January 20, Bridgeport returns merchandise worth $1200 to Concord. On January 24, payment is received from Bridgeport for the balance due. What is the amount of cash recelved? $6200 $6076 $5000 $6052 e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later MacBook Air