Kersee Company on June 15 sells merchandise on account to Soo Eng Co. for $1,000, terms 2/10,

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Kersee Company on June 15 sells merchandise on account to Soo Eng Co. for $1,000, terms 2/10, n/30. On June 20 Eng Co. returns merchandise worth $300 to Kersee Company. On June 24 payment is received from Eng Co. for the balance due. What is the amount of cash received?

(a) $700.

(b) $680.

(c) $686.

(d) None of the above.

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