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On January 15, Tamarisk, Inc. sells merchandise on account to Pronghorn Associates for $5600 with terms 4/10, n/30. On January 20, Pronghorn returns merchandise worth
On January 15, Tamarisk, Inc. sells merchandise on account to Pronghorn Associates for $5600 with terms 4/10, n/30. On January 20, Pronghorn returns merchandise worth $900 to Tamarisk. On January 24, payment is received from Pronghorn for the balance due. What is the amount of cash received?
$4512
$4476
$3500
$4700
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