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a)Oldman sells $54,000 of merchandise, terms 1/10, n/30. The merchandise cost $30,000.(b)The customer in (a) returned $5,000 of merchandise to Oldman. The merchandise returned cost

a)Oldman sells $54,000 of merchandise, terms 1/10, n/30. The merchandise cost $30,000.(b)The customer in (a) returned $5,000 of merchandise to Oldman. The merchandise returned cost $3,500.(c)Oldman received the balance due within the discount period.

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