Determining amount of cash received of carson company

Reference no: EM13142173

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

$588

$580

$600

$1,000

Reference no: EM13142173

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