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What the sales discount to be recorded on march amounted to

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Reference no: EM132831154

Problem 1: On March 1, 2020, Stair Company sold merchandise to Vanessa for ?45,000 on terms 25% down and the balance 2/10 n/30. The next day, Vanessa returned defective goods worth ?2,500. On March 5, Vanessa made a partial payment of ?5,000. Finally, Vanessa paid her account in full on March 11, 2020. In Stair's books, the Sales Discount to be recorded on March 11, 2020 amounted to

a. ?525
b. ?750
c. ?850
d. ?625

Reference no: EM132831154

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