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.

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1. 1000 - 200 = 800

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posted by Peaches
2. 16. You receive an invoice for \$565.00 with terms 3/10, net 30. If you pay it immediately, how much will you pay?

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posted by Anonymous

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