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What the cash paid on june twenty-four equals

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Problem 1: A company purchased $8,700 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $435 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:

Multiple Choice

Option 1: $8,017.

Option 2: $8,700.

Option 3: $8,265.

Option 4: $8,061.

Option 5: $8,439.

Reference no: EM132821379

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