What is the amount of cash received?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Tamarisk Supply Company on July 15 sells merchandise on account to Flint Co. for $3400, terms 5/10, n/30. On July 20,
Flint Co. returns $1400 of merchandise to Tamarisk Supply Company. On July 24, payment is received from Flint Co. for
the balance due. What is the amount of cash received?
$1900
$2000
$3400
$1830
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