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The credit terms offered by Mixed Nuts Limited for any sales to clients on credit are 2/10, n/30. Jones Limited purchased $200,000 of inventory from
The credit terms offered by Mixed Nuts Limited for any sales to clients on credit are 2/10, n/30. Jones Limited purchased $200,000 of inventory from Mixed Nuts Limited on January 15, 2022. On January 21, 2022 Jones Limited returned 20% of the inventory purchased on January 15, 2022. Jones Limited paid the outstanding balance owed to Mixed Nuts Limited on January 23, 2022. What was the amount of sales discount recorded on January 21, 2022? Select one: a. $0.00 b. $1,000.00 c. $800.00 d. $4,000.00
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