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Newell Company completed the following transactions in October: Credit Sales Sales Returns Date Amount Terms Date Amount Date of Collection Oct. 3 $600 2/10, n/30
Newell Company completed the following transactions in October:
Credit Sales | Sales Returns | ||||||||||||||||
Date | Amount | Terms | Date | Amount | Date of Collection | ||||||||||||
Oct. | 3 | $600 | 2/10, | n/30 | Oct. | 8 | |||||||||||
Oct. | 11 | 1,700 | 3/10, | n/30 | Oct. | 14 | $400 | Oct. | 16 | ||||||||
Oct. | 17 | 5,000 | 1/10, | n/30 | Oct. | 20 | 1,000 | Oct. | 29 | ||||||||
Oct. | 21 | 1,400 | 2/10, | n/60 | Oct. | 23 | 200 | Oct. | 27 | ||||||||
Oct. | 23 | 2,300 | 2/10, | n/30 | Oct. | 27 | 400 | Oct. | 28 |
Indicate the cash received for each collection. Show your calculations. Date of Collection Oct. 8 Oct. 16 Oct. 29 Oct. 27 Oct. 28
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