Multiple Choice
Kern Company sells merchandise on account for $8,000 to Block Company with credit terms of 2/10, n/30. Block Company returns $1,600 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
A) $6,272
B) $6,400
C) $7,840
D) $7,872
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Financial information is presented below for two
Q32: Glenn Company purchased merchandise inventory with an
Q33: The adjusted trial balance of J. W.
Q34: Reineman Supply Company uses a periodic inventory
Q35: Ezra Company has sales revenue of $60,000,
Q108: As an incentive for customers to pay
Q144: A sales discount does not<br>A) provide the
Q177: After gross profit is calculated operating expenses
Q222: The operating expense section of an income
Q242: To grant a customer a sales return