Solved

Aber Company Sells Merchandise on Account for $3,000 to Borth

Question 162

Multiple Choice

Aber Company sells merchandise on account for $3,000 to Borth Company with credit terms of 2/10, n/30.Borth Company returns $500 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) $2,440
B) $2,460
C) $2,450
D) $2,250

Correct Answer:

verifed

Verified

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

Related Questions

Q157: Net sales minus cost of goods sold

Q158: Under the periodic system, when a customer

Q159: Adams Company is a retailer and uses

Q160: Indicate which one of the following would

Q161: The multiple-step income statement is considered by

Q163: Sales allowances and sales discounts are both

Q164: Income from operations appears on both the

Q165: Multiple-step income statements show<br>A)gross profit but not

Q166: A credit sale of $1,400 is made

Q167: The credit terms offered to a customer