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Sheffield company on july 15 sells merchandise on account to Ivanhoe co. for $5,900, terms 2/10, n/30. On july 20 Ivanhoe co. returns merchandise worth
Sheffield company on july 15 sells merchandise on account to Ivanhoe co. for $5,900, terms 2/10, n/30. On july 20 Ivanhoe co. returns merchandise worth $3,400 to Sheffileld company. On july 24 payment is received from Ivanhoe co. for the balance due. whaw is the amount of cash received?
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