Syfy Company on July 15 sells merchandise on account to Eureka Co. for $5,000, terms 2/10, n/30.

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Syfy Company on July 15 sells merchandise on account to Eureka Co. for $5,000, terms 2/10, n/30. On July 20 Eureka Co. returns merchandise worth $2,000 to Syfy Company. On July 24 payment is received from Eureka Co. for the balance due. What is the amount of cash received?
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Principles of Financial Accounting chapters 1-17

ISBN: 978-1259687747

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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