Solved: Fehr company sells merchandise on account for 5000 to kelly, Accounting Basics

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Fehr company sells merchandise on account for 5000 to kelly

Question - Fehr Company sells merchandise on account for $5,000 to Kelly Company with credit terms of 2/10, n/30. Kelly Company returns $1,000 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

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Accounting Basics: Fehr company sells merchandise on account for 5000 to kelly

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