A company makes a credit sale of ($ 750) on June 13, terms (2 / 10, mathrm{n}

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A company makes a credit sale of \(\$ 750\) on June 13, terms \(2 / 10, \mathrm{n} / 30\), on which it grants a return of \(\$ 50\) on June 16.

What amount is received as payment in full on June 23?

(a) \(\$ 700\)

(c) \(\$ 685\)

(b) \(\$ 686\).

(d) \(\$ 650\)

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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