posted by Peaches on .
Leeann Company sold merchandise on credit to Janelle Company for $1,000 on July 1, with terms of 2/10, net /30. On July 6, Janelle returned $200 worth of merchandise claiming the materials was defective. On July 8, Leeann received a payment from Janelle and credited Accounts Receivable for $450. On July 24, Janelle Company paid the remaining balance on their account. What was the total cash received from Janelle during July?
Can anyone please explain how to calculate this prooblem.