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On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $5,000, terms 4/10, n/30. On June 20, SH returns

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Answer #1

Calculate amount paid

Purchase 5000
Less; Purchase return -1100
Less: Purchase discount (5000-1100)*4% -156
Cash paid 3744

So answer is b) $3744

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