Question
Jackson Sports, Inc.sells footballl equipment. On March 10, they shipped $2,500 worth of football uniforms and helmets to Bowen High School, terms 2/10, n/30. On
Jackson Sports, Inc.sells footballl equipment. On March 10, they shipped $2,500 worth of football uniforms and helmets to Bowen High School, terms 2/10, n/30. On March 18, they received an order from Ridgemoor High School for $1,750 worth of shoulder and knee pads to be produced in April. On March 20, Bowen High School returned $250 of defective merchandise. Jackson has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of March 31?
a. $2,250
b. $2,500
c. $4,000
d. $4,250
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