Sundowner Company purchased merchandise on account from a supplier for $30,000, terms 3/10, n/30. Sundowner...
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Accounting
Sundowner Company purchased merchandise on account from a supplier for $30,000, terms 3/10, n/30. Sundowner Company returned $4,000 of the merchandise before payment was made and received full credit. If Sundowner Company pays the invoice within the discount period, what is the amount of cash required for the payment?
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$25,220
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$25,480
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$30,000
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$26,000
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