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On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $3,000, terms 1/10,n/30. On June 20, SH returns to Oakley inventory
On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $3,000, terms 1/10,n/30. On June 20, SH returns to Oakley inventory that SH had purchased for $700. 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 $3,000 $2.277 $2,300 $2,270
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