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What is the amount of the check for holt company

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Reference no: EM133007435

Problem 1: Holt Company sells merchandise on account for P2,000 to Jones Company with credit terms of 2/10, n/30. Jones Company returns P400 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

A) P1,600
B) P1,568
C) P1,960
D) P1,968

Reference no: EM133007435

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