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Fehr Company Sells Merchandise on Account for $5,000 to Kelly

Question 237

Multiple Choice

Fehr Company sells merchandise on account for $5,000 to Kelly Company with credit terms of 2/10, n/30. Kelly Company returns $1,000 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) $4,900
B) $4,920
C) $4,000
D) $3,920

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