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On January 15, Tamarisk, Inc. sells merchandise on account to Martinez Associates for $5600 with...

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Accounting

On January 15, Tamarisk, Inc. sells merchandise on account to Martinez Associates for $5600 with terms 4/10, n/30. On January 20, Martinez returns merchandise worth $900 to Tamarisk. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received?

$3500

$4476

$4512

$4700

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