Etcetera Clothing sold merchandise inventory on account at a price of $20,000 with payment terms...
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Etcetera Clothing sold merchandise inventory on account at a price of $20,000 with payment terms of 2/10, n/30. The merchandise cost Etcetera Clothing $16,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Etcetera Clothing?
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