Fowler company on july 15 sells merchandise on account to, Ask an Expert

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Fowler Company on July 15 sells merchandise on account to Coffey Co. for $1,000, terms 2/10, n/30. On July 20 Coffey Co. returns merchandise worth $400 to Fowler Company. On July 24 payment is received from Coffey Co. for the balance due. What is the amount of cash received?

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Accounting Basics, Accounting

Category:- Accounting Basics
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