Xyz returned merchandise in the amount of 600 and paid the


Question - XYZ Company purchased inventory for $3,450 on account. The discount terms were 4/15, n/30. XYZ returned merchandise in the amount of $600 and paid the balance due within the discount period. How much cash did XYZ Company pay?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Xyz returned merchandise in the amount of 600 and paid the
Reference No:- TGS02716933

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)