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Ali Company on June 15 sells merchandise on account to Yanbu, Inc. for SR 50,000, terms 2/10, n/30. On June 20, Yanbu, Inc. Co. returns
Ali Company on June 15 sells merchandise on account to Yanbu, Inc. for SR 50,000, terms 2/10, n/30. On June 20, Yanbu, Inc. Co. returns merchandise worth SR 3,000 to Ali Company. On June 27, payment is received from Yanbu, Inc. for the balance due. What is the amount of cash received? A. SR 50,000. B. SR 47,000 C. SR 46,060 D. None of the above
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