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3. Assume the following data concerning a purchase of merchandise by Icon Co. on...

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Accounting

3. Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
April 2. Purchased $4,000 of merchandise on account from Gamma Co., terms 2/10, n/30.
4. Returned $2,000 of the merchandise purchased on April 2.
12. Paid for the purchase of April 2 less the return and discount.
The credit to Cash that Icon Co. would record on April 12 would be
a. $4,000.
b. $2,000.
c. $1,960.
d. $3,920

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