Question
Swifty Company sells merchandise on account for $5500 to Blossom Company with credit terms of 1/10, n/30. Blossom Company returns $1100 of merchandise that was
Swifty Company sells merchandise on account for $5500 to Blossom Company with credit terms of 1/10, n/30. Blossom Company returns $1100 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
$4400
$5445
$6556
$4356
Sunland Company sells $2600 of merchandise on account to Wildhorse Company with credit terms of 1/15, n/30. If Wildhorse Company remits a check taking advantage of the discount offered, what is the amount of Wildhorse's Company check?
$2219
$2574
$2210
$2340
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