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On June 15, Powell Company sells inventory on account to JamesonCo for $8,500, terms 1/10, n/30. On June 20, JamesonCo returns to Powell Company inventory
On June 15, Powell Company sells inventory on account to JamesonCo for $8,500, terms 1/10, n/30. On June 20, JamesonCo returns to Powell Company inventory that JamesonCo had purchased for $1,800. On June 24, Jameson Co completely fulfills its obligation to Powell Company by making a cash payment. What is the amount of cash paid by JamesonCo to Powell Company? Multiple Choice $6,633 O $8,500 $6,615 O O O $6,700
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