Syfy Company on July 15 sells merchandise on account to Eureka Co. for $3,000, terms 2/10, n/30. On July 20, Eureka Co. returns to merchandise worth $1,200 to Syfy Company. On July 24, payment is received from Eureka Co for the balance due. What is the amount of cash received?
A. $1,740
B. $1,764
C. $1,800
D. $3,000
Ans: B. $1,764
Business
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