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Find what is the amount of cash paid

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Problem 1: Oslo Co. records purchases at net amounts. On May 5, Oslo purchased merchandise on account, $8,000, terms 2/10, n/30. On May 10, Oslo returned part of the May 5 purchase with an invoice price of $600, and received credit on account. On May 31, Oslo pays the balance due. What is the amount of cash paid?

Select one:

a. $7252
b. $8000
c. $7400
d. $7840

 

Reference no: EM132715758

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