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How much did the business receive from tommy dell

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Reference no: EM132864671

Tommy Dell, Accounts receivable, balance as at 1 June 2019 was $15,000. On 15 June $8,000 credit sales made to Tommy Dell, but $2,000 worth of goods were returned by him.

Problem 1: On 30 June, Tommy Dell settled his account balance by receiving 5% discount. How much did the business receive from Tommy Dell?

Select one:

Option 1: $4,750
Option 2: $21,000
Option 3: None of these
Option 4: $19,950

Reference no: EM132864671

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