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On january 24 payment is received from martinez for the

Question - On January 15, Vaughn Manufacturing sells merchandise on account to Martinez Associates for $5300 with terms 1/10, n/30. On January 20, Martinez returns merchandise worth $1200 to Vaughn. On January 24, payment is received from Martinez for the balance due. What is the amount of cash received?

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Accounting Basics: On january 24 payment is received from martinez for the

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