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What is the amount of cash required for the payment

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Question - Purchases Transactions - Xanadu Company purchased merchandise on account from Springhili Company for $6,300, terms 1/10, n/30. Xanadu returned merchandise with an invoice amount of $900 and received full credit.

Required -

a. If Xanadu Company pays the invoice within the discount period what is the amount of cash required for the payment?

b. What account is debited by Xanadu Company to record the return?

Reference no: EM133185179

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