A company purchased $2000 worth of merchandise on July 5th. On July 7th they return $500...

Question

Question

A company purchased $2000 worth of merchandise on July 5^th. On July 7^th they return $500 worth of merchandise. On January 8^th they pay full amount due. How much was the cash paid?

business accounting

Answer 1

Answer #1

Amount of Cash paid = Purchase-Purchase return

= 2000-500

Amount of cash paid = 1500

Answer 2

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