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Rain Co. on October 15 sells merchandise on account to Reta Co. for $7,000, terms 2/10,...

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)

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