menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 25
  4. Exam
    Exam 5: Accounting for Merchandising Operations
  5. Question
    A Credit Sale of $4,000 Is Made on April 25
Solved

A Credit Sale of $4,000 Is Made on April 25

Question 170

Question 170

Multiple Choice

A credit sale of $4,000 is made on April 25, terms 2/10, n/30, on which a return of $250 is granted on April 28. What amount is received as payment in full on May 4?


A) $3,675
B) $3,750
C) $3,920 d $4,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q36: Garth Company sold goods on account to

Q86: You are at a company picnic and

Q112: Freight terms of FOB Destination means that

Q165: Prepare the necessary journal entries to record

Q167: Newell Company completed the following transactions in

Q168: During August, 2018, Baxter's Supply Store generated

Q169: The entry to record the receipt of

Q172: Scott Company purchased merchandise with an invoice

Q175: Company X sells $900 of merchandise on

Q185: Retailers and wholesalers are both considered merchandisers.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines