A credit sale of $2,400 is made on April 25, terms 2/10, n/30, on which a return of $150 is granted on April 28.  What amount is received as payment in full on May 4   $2,352   $2,400   $2,250   $2,205

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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A credit sale of $2,400 is made on April 25, terms 2/10, n/30, on which a return of $150 is granted on April 28.  What amount is received as payment in full on May 4
  $2,352
  $2,400
  $2,250
  $2,205
 
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