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Question 1 2 pts Queen City Supplies is a second-tier supplier for Proctor and Gamble. They purchased $10,000 of merchandise on June 5 with terms
Question 1 2 pts Queen City Supplies is a second-tier supplier for Proctor and Gamble. They purchased $10,000 of merchandise on June 5 with terms of 3/10, n/45, and FOB shipping point. On June 20, it returned $800 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals: $10,000 $8.924 $9,700 $9,200
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