TB MC Qu. 04-107 A company purchased... A company purchased $2,200 of merchandise on July 5 with terms 3/10,n/30. On July 7, it returned $240 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals: $240. $1894. $1,901. $1,960 $2200