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Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,600 list price. Bally dated the invoice August 15 with 5/10 EOM terms. Intel
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,600 list price. Bally dated the invoice August 15 with 5/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 28. On August 24,Intel Corporation returns $600 of the machinery due to defects. What does Intel pay Bally on August 28?
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