What is the amount of cash


A sales invoice included the following information: merchandise price, $5,000; freight, $900; terms 1/10, n/eom, FOB shipping point. Assuming that a credit for merchandise returned of $700 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller?

$5,157

$4,300

$4,257

$4,950

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Accounting Basics: What is the amount of cash
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