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Wahoo Company uses the perpetual inventory method. It offers sales terms of 2/20, n/30. On...

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Accounting

Wahoo Company uses the perpetual inventory method. It offers sales terms of 2/20, n/30. On June 8, 2022 the company sold $4,000 of merchandise to Cav Company, terms 2/20,n/30. On June 14, Cav Company returned half of the goods. On June 16, Cav Company paid the balance due to Wahoo Company. What amount of net sales will Wahoo Company recognize from these transactions? (Hint: It may be helpful to prepare the journal entries to help you solve this problem!)

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