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Michelin Jewelers completed the following transactions.Michelin Jewelers uses the perpetual inventory system.On April 2, Michelin sold $9,000 of merchandise to a customer on account with
Michelin Jewelers completed the following transactions.Michelin Jewelers uses the perpetual inventory system.On April 2, Michelin sold $9,000 of merchandise to a customer on account with terms of 3/15, n/30.Michelin's cost of the merchandise sold was $5,500.On April 4, the customer reported damaged goods and Michelin granted a $1,000 sales allowance.On April 10, Michelin received payment from the customer. How much cash was received from the customer?
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