Multiple Choice Question 71

Bramble Corp. on July 15 sells merchandise on account to Tayler Co. for $4000, terms 3/10, n/30. On July 20 Tayler Co. returns merchandise worth $1600 to Bramble Corp.. On July 24 payment is received from Tayler Co. for the balance due. What is the amount of cash received?

$2280

$4000

$2400

$2328