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What is the amount of cash received by the seller

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Question - On April 5, Degas Company, a women's clothing store, purchased $15,000 of merchandise from Lula's Inc. on account, terms 2/10, n/30 FOB shipping point, with prepaid transportation costs of $500 added to the invoice. Assuming that a credit for merchandise return of $600 is granted before payment, and the invoice is paid within the discount period, what is the amount of cash received by the seller?

Reference no: EM132944521

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