On April 20, McLean Company sells merchandise on account to Tazwell Corporation for $3,000 with terms 1/10,

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On April 20, McLean Company sells merchandise on account to Tazwell Corporation for $3,000 with terms 1/10, n/30. On April 28, Tazwell pays for half of the merchandise and on May 19 it pays for the other half. What is the total amount of cash McLean received?

a. $3,000

b. $2,985

c. $2,970

d. $2,700

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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