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What is the amount of cash received for ayayai corp

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Problem 1: On January 15, Ayayai Corp. sells merchandise on account to Ayayai Associates for $7000 with terms 1/10, n/30. On January 20, Ayayai returns merchandise worth $900 to Ayayai. On January 24, payment is received from Ayayai for the balance due. What is the amount of cash received?

Option 1: $6100

Option 2: $6030

Option 3: $4900

Option 4: $6039

Reference no: EM132820179

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