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Devonshire, Inc. sold merchandise inventory on account at a price of $5,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $12,000. If the

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Devonshire, Inc. sold merchandise inventory on account at a price of $5,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $12,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire? Multiple Choice $12,000 $4,900 $11,760 $5,000

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