A company purchased $2,600 of merchandise on July 5 with terms 1/10, n/30. On July...
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Accounting
A company purchased $2,600 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $285 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
$285.
$2,289.
$2,292.
$2,315.
$2,600.
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