Rain Co. on October 15 sells merchandise on account to Reta Co. for $7,000, terms 2/10, n/30. On October 20 Reta Co. returns merchandise worth $2,800 to Rain Co. On October 24 payment is received from Reta Co. for the balance due. What is the amount of cash received? (Please explain how to do this)
Comment below if you have any doubt i will help you and please do give thumbs up to the answer !!
Get Answers For Free
Most questions answered within 1 hours.