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On Qctober 20, a company made a sale of $8,400 to one of its customers, credit terms 1/10,n/30, FOB shipping point. The cost of the

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On Qctober 20, a company made a sale of $8,400 to one of its customers, credit terms 1/10,n/30, FOB shipping point. The cost of the merchandise sold was $3,950. The customer returned $600 of merchandise that was defective on October 25 and then paid for the purchase on October 30 . How much cash did the company receive on this sale? Multiple Choice $8,316 $8,400 $7,644 $7,722 $6,534

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