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Leno Company sells goods to the Fallon Company for $11,000. It offers credit terms of 2/10. n/30. If Fallon Company pays the

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Answer #1

The correct answer is B) $11,220

Supporting calculations:

Total amount debited to Cash = Actual amount receivable + Discount amount receivable

= ($11,000 + [$11,000*2/100])

= $11,000 + $220

= $11,220

Therefore, the correct answer is $11,220.

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