On August 1, Intel Corporation (Problem 7–32) returns $100 of the machinery due to defects. What does Intel pay Bally on August 5? Round to nearest cent.
Reference Problem 7–32: Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,000 list price. Bally dated the invoiceJuly 23 with 2/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 5. What does Intelpay Bally?
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