On August 10, Sunglass World sells merchandise on account to Vision Co. for $6,800, terms 3/10, n/30. On August 14, Vision Co. returns merchandise worth $1,200. On August 18, Vision Co. makes a full cash payment to Sunglass World. What is the amount of cash paid by Vision Co. to Sunglass World?

On August 10, Sunglass World sells merchandise on account to Vision Co. for $6,800, terms 3/10, n/30. On August 14, Vision Co. returns merchandise worth $1,200. On August 18, Vision Co. makes a full cash payment to Sunglass World. What is the amount of cash paid by Vision Co. to Sunglass World?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...

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On August 10, Sunglass World sells merchandise on account to Vision Co. for
$6,800, terms 3/10, n/30.
On August 14, Vision Co. returns merchandise worth $1,200.
On August 18, Vision Co. makes a full cash payment to Sunglass World.
What is the amount of cash paid by Vision Co. to Sunglass World?

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