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Ball Company Sells Merchandise on Account for $1,500 to Edds

Question 195

Multiple Choice

Ball Company sells merchandise on account for $1,500 to Edds Company with credit terms of 2/10, n/30. Edds Company returns $300 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) $1,470
B) $1,476
C) $1,200
D) $1,176

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