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Python Company Sells Merchandise on Account for $5000 to Monte

Question 154

Multiple Choice

Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10 n/30. Monte Company returns $1500 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) $3430
B) $4000
C) $4900
D) $4430

Correct Answer:

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