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Devonshire, Inc. sold merchandise inventory on account at a price of $9,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $4,000. If the
Devonshire, Inc. sold merchandise inventory on account at a price of $9,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $4,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire?
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$3,920
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$4,000
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$9,000
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$8,820
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