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On March 1 2 , Klein Company sold merchandise in the amount of $ 7 , 8 0 0 to Babson Company, with credit terms
On March Klein Company sold merchandise in the amount of $ to Babson Company, with credit terms of n The cost of the items sold is $ Klein uses the perpetual inventory system and the gross method of accounting for sales. On March Babson returns some of the merchandise. The selling price of the merchandise is $ and the cost of the merchandise returned is $ Babson pays the invoice on March and takes the appropriate discount. The amount that Klein receives from Babson on March is:
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