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Same shade paid the balance owed less the return and

Sam Shade purchased 270 lamshades at $10 each with terms of 4/15, n/30 from Lois Lamps on November 1. These lampshades had a cost of $5 each to Lois Lamps. On Novemeber 5, Sam Shade returned 5 lampshades. On November 15, Same Shade paid the balance owed less the return and discount.

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Accounting Basics: Same shade paid the balance owed less the return and

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