Cosmos Company on July 15 sells merchandise on account to Cajon Co. for $40,000, terms 10/10, n/30. On July 24 payment is received from Cajon Co. for the balance due. Calculate the amount of cash received by Cosmos.

Cosmos Company on July 15 sells merchandise on account to Cajon Co. for $40,000, terms 10/10, n/30. On July 24 payment is received from Cajon Co. for the balance due. Calculate the amount of cash received by Cosmos.

Name: Cosmos Company on July 15 sells merchandise on account to Cajon Co. fo
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Description: Cosmos Company on July 15 sells merchandise on account to Cajon Co. for $40,000, terms 10/10, n/30. On July 24 payment is received from Cajon Co. for the balance due. Calculate the amount of cash received by Cosmos.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.7C

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