From the following, calculate what amount Blue Co. can expect to receive from Frost Foundation with respect

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From the following, calculate what amount Blue Co. can expect to receive from Frost Foundation with respect to invoice No. 6051, dated March 5, 2015. The total was $3,200 and terms are 3% 15 days, net 45 days. On March 7, credit memorandum No. 103 was issued to Frost Foundation in the amount of $400 for some minor damage to the items sold. Frost was expected to pay within the discount period. In addition, record the credit memorandum using the general journal. No need to post it or record to the accounts receivable sub-ledger?
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College Accounting A Practical Approach

ISBN: 978-0133133233

12th Canadian edition

Authors: Jeffrey Slater, Brian Zwicker

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