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Buehler Company on June 15 sells merchandise on account to Chaz Co. for HK$10,000, terms 2/10, n/30. On June 20, Chaz Co. returns merchandise worth
Buehler Company on June 15 sells merchandise on account to Chaz Co. for HK$10,000, terms 2/10, n/30. On June 20, Chaz Co. returns merchandise worth HK$3,000 to Buehler Company. On June 24, payment is received from Chaz Co. for the balance due. What is the amount of cash received? A. HK$7,000. B. HK$6,860 C. HK$6,800 D. None of the above
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