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XYZ company sells the goods on account for $5,000 to ABC Company on March 10 with a credit term of 2/15, n/30. ABC company returns
XYZ company sells the goods on account for $5,000 to ABC Company on March 10 with a credit term of 2/15, n/30. ABC company returns the damaged goods worth $750 along with the payment to settle the account on March 17. What is the amount paid by ABC Company to settle the account?
- a. $4,250
- b. $5,000.
- c. $4,900
- d. $4,165
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Financial Accounting
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
1st Canadian Edition
9780132147538, 132889714, 013214753X , 978-0132889711
