Solved: Martinez returns merchandise worth 1500 to blue on january, Accounting Basics

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Martinez returns merchandise worth 1500 to blue on january

Question - On January 15, Blue Spruce Corp. sells merchandise on account to Martinez Associates for $6100 with terms 2/10, n/30. On January 20, Martinez returns merchandise worth $1500 to Blue. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received?

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Accounting Basics: Martinez returns merchandise worth 1500 to blue on january

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