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Cleese Company Sells Merchandise on Account for $5,000 to Langston

Question 142

Multiple Choice

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

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