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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    A Credit Sale of $1,900 Is Made on April 25
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A Credit Sale of $1,900 Is Made on April 25

Question 265

Question 265

Multiple Choice

A credit sale of $1,900 is made on April 25, terms 2/10, net/30, on which a return of $100 is granted on April 28. What amount is received as payment in full on May 4?


A) $1,764
B) $1,862
C) $1,900 d $1,800

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