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A company purchased $1,800 of merchandise on December 5. On December 7, it returned $200 worth of merchandise. On December 8, it paid the balance in...

A company purchased $1,800 of merchandise on December 5. On December 7, it returned $200 worth of merchandise. On December 8, it paid the balance in full, taking a 2% discount. The amount of the cash paid on December 8 equals
a. $200
B. $1,564
C. $1,568
D. $1,600
E. $1,800
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Accounting-8090899.xls

Question:
A company purchased $1,800 of merchandise on December 5. On December 7, it returned $200 worth of merchandise.
On December 8, it paid the balance in full, taking a 2% discount. The amount...

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