Question
On January 15, Windsor, Inc. sells merchandise on account to Martinez Associates for $8000 with terms 5/10, n/30. On January 20, Martinez returns merchandise worth
On January 15, Windsor, Inc. sells merchandise on account to Martinez Associates for $8000 with terms 5/10, n/30. On January 20, Martinez returns merchandise worth $1000 to Windsor. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received?
|
| $5800 |
|
| $7000 |
|
| $6650 |
|
| $6600 |
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Auditing The Master A Tax Collector Report
Authors: B. Cobbey Crisler
1st Edition
1912297108, 978-1912297108
