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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    A Credit Sale of $3,800 Is Made on April 25
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A Credit Sale of $3,800 Is Made on April 25

Question 28

Question 28

Multiple Choice

A credit sale of $3,800 is made on April 25, terms 2/10, net/30, on which a return of $200 is granted on April 28.What amount will be received as payment in full if collected on May 4?


A) $3,528
B) $3,724
C) $3,800

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