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Carson Company on July 15 Sells Merchandise on Account to Tayler

Question 72

Multiple Choice

Carson Company on July 15 sells merchandise on account to Tayler Co.for $3,000, terms 2/10, n/30.On July 20, Tayler Co.returns merchandise worth $1,200 to Carson Company.On July 24, payment is received from Tayler Co.for the balance due.What is the amount of cash received?


A) $1,800
B) $1,764
C) $1,740
D) $3,000

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