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On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $2,000, terms 1/10, 1/30. On June 20, SH returns to Oakley

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On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $2,000, terms 1/10, 1/30. On June 20, SH returns to Oakley inventory that SH had purchased for $500. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What is the amount of cash paid by SH to Oakley? Multiple Choice $1485 $1500 $1480 12000

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