Question
On May 2, Crane sold $2,800 of merchandise to Larkspur Depot with terms 2/10, n/30. On May 8, Larkspur Depot returned defective goods that had
On May 2, Crane sold $2,800 of merchandise to Larkspur Depot with terms 2/10, n/30.
On May 8, Larkspur Depot returned defective goods that had a selling price of $350.
On May 11, Crane received payment from Larkspur Depot.
What is the amount of cash Crane received on May 11?
Record the May 11 transaction for Crane.
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Beating The Finacial Futures Market 2023 Deluxe Edition Almanac
Authors: Art Collins
1st Edition
979-8375310534
