On January 15, Ayayai Corp. sells merchandise on account to Ayayai Associates for $7000 with terms 1/10,
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Question:
On January 15, Ayayai Corp. sells merchandise on account to Ayayai Associates for $7000 with terms 1/10, n/30. On January 20, Ayayai returns merchandise worth $900 to Ayayai. On January 24, payment is received from Ayayai for the balance due. What is the amount of cash received?
$6100
$6030
$4900
$6039
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