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    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Juan Sells $75,000 of TVs to a Customer
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Juan Sells $75,000 of TVs to a Customer

Question 68

Question 68

Multiple Choice

Juan sells $75,000 of TVs to a customer.The credit terms state a 2% discount if paid in 7 days and a 1% discount if paid in 8-14 days.The customer pays in 12 days.How much cash does Juan receive?


A) $75,000
B) $73,500
C) $74,250
D) $1,500

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