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What is the amount of cash paid

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Question - 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?

a. $7252

b. $8000

c. $7400

d. $7840

Reference no: EM132746057

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