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QUESTION
On December 3, Solarte Company sold $527,300 of merchandise to Rooney Co., terms 1/10, n/30. The cost of the merchandise sold was $319,600. On...
I do NOT understand how I am suppose to get the cash amount, the sales discount amount!
Part1Accounts ReceivableSales revenue 527300 cost of goods soldinventory 319600 Sales Returns and AllowancAccounts Receivable 527300 3196002370023700 Cashsales discountsaccounts receivable...