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On April 6, 2014, Fashion Furnishings purchased $40,000 of merchandise from James' Imports, terms 2/10, n/45. On April 8, Fashion returned $8,400 of the merchandise
On April 6, 2014, Fashion Furnishings purchased $40,000 of merchandise from James' Imports, terms 2/10, n/45. On April 8, Fashion returned $8,400 of the merchandise to James' Imports for credit. Fashion paid cash for the merchandise on April 15, 2014. Required a. What is the amount that Fashion must pay James' Imports on April 15?
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