On June 1, 2014, merchandise subject to terms 2/10, n/30 was sold on account to a customer for $23,500. On June 3, the customer returned merchandise with a purchase price of $5,100.
a) What is the amount of cash collected by the seller if payment is made by the customer on June 8, 2014?
b) What is the amount of cash collected by the seller if payment is made by the customer on June 30, 2014?

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The Answer of On June 1, 2014, merchandise subject to terms 2/10, n/30 was sold on account to a customer for $23,500. On June 3, the customer returned merchandise with a purchase price of $5,100.
a) What is the amount of cash collected by the seller if payment is made by the customer on June 8, 2014?
b) What is the amount of cash collected by the seller if payment is made by the customer on June 30, 2014?

On June 1, 2014, Merchandise Subject to Terms 2/10, N/30