On January 15, Windsor, Inc. sells merchandise on account to Martinez Associates for $8000 with...
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Accounting
On January 15, Windsor, Inc. sells merchandise on account to Martinez Associates for $8000 with terms 5/10, n/30. On January 20, Martinez returns merchandise worth $1000 to Windsor. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received?
$5800
$7000
$6650
$6600
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