7. International Furniture, Inc., sells merchandise for $2,500 on account to Smith Furniture Shop on February 15,

Question:

7. International Furniture, Inc., sells merchandise for $2,500 on account to Smith Furniture Shop on February 15, terms 1/10, n/30.

Smith Furniture Shop returned $200 of the merchandise on February 20 and received a credit memorandum from International Furniture, Inc.
What amount should Smith Furniture Shop pay to International Furniture, Inc., on February 24, less applicable cash discount?

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