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Leno Company sells goods to the Fallon Company for $11,000 . It offers credit terms of 5/10, n/30. If Fallon Company pays the invoice within

Leno Company sells goods to the Fallon Company for $11,000. It offers credit terms of 5/10, n/30. If Fallon Company pays the invoice within the discountperiod, Leno Company will record a debit to Cash in the amountof:

$10,450.

$ 550

$11,550.

$11,000.

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