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Jefferson Company on August 10 sells merchandise on account to El $7,000, terms 2/10, n/30. On August 15 El Centro $1,000 to Jefferson Company. On

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Jefferson Company on August 10 sells merchandise on account to El $7,000, terms 2/10, n/30. On August 15 El Centro $1,000 to Jefferson Company. On August 18 payment is received from EI Centro Co. for 44. Centro Co. for Co. returns merchandise worth the balance due. What is the amount of cash received? a. $5,500 b. $5,880 c. $6,000 d. $7,000

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