The following transactions for the month of April were reported by Panamerican Foods:

April 4 Panamerican purchased inventory from a supplier on account 3/15, n/45 for $35,670.

April 6 Panamerican returned three items to their supplier at a total cost of $12,340.

April 7 Panamerican Foods sold merchandise inventory on credit to a customer at a price of

$15,000 with payment terms of 2/10, n/30. The merchandise cost Devonshire $10,000.

April 12 The customer paid for the merchandise.

How much will Panamerican debit their cash account for as a result of the payment received from the customer on April 12?

Multiple Choice

• None of the other answers are correct.

• $14,700

• $9,800

• $15,000

• $10,000