Company Lakeshore Electronics sells merchandise to TechWorld Solutions for $8,500 with credit terms of 3/15, n/45. Tech World Solutions returns $1,500 of damaged merchandise and sends a check within the discount period. What is the amount of the check?
Company Lakeshore Electronics sells merchandise to TechWorld Solutions for $8,500 with credit terms of 3/15, n/45. Tech World Solutions returns $1,500 of damaged merchandise and sends a check within the discount period. What is the amount of the check?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...
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What is the amount of the check for this accounting question?

Transcribed Image Text:Company Lakeshore Electronics sells
merchandise to TechWorld Solutions for
$8,500 with credit terms of 3/15, n/45.
Tech World Solutions returns $1,500 of
damaged merchandise and sends a check
within the discount period. What is the
amount of the check?
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