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On February 15, Panamerican Foods sells inventory on account to Sodexo for $2,000, terms 1/10, n/30. On February 20, Sodexo returns to Panamerican inventory that
On February 15, Panamerican Foods sells inventory on account to Sodexo for $2,000, terms 1/10, n/30. On February 20, Sodexo returns to Panamerican inventory that Sodexo had purchased for $500. On February 24, Sodexo completely fulfills its obligation to Panamerican by making a cash payment. What is the amount of cash paid by Sodexo to Panamerican? Multiple Choice $2,000 $1,480 None of the other answers are correct. $1,485 $1,500
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