How much cash was exchanged and what is the amount of the


A Company purchased 80 kitchen tables on May 1, 2014. The tables were purchased for $300 each with terms 2/10, net 30. The chairs were shipped FOB destination. If Kari paid for the purchase on May 9th, how much cash was exchanged and what is the amount of the purchase discount recorded?

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Accounting Basics: How much cash was exchanged and what is the amount of the
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