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On November 1, 2015, Wrenns Martch Sold Merchandise with a Cost

Question 37

Multiple Choice

On November 1, 2015, Wrenns Martch sold merchandise with a cost of $5,000 for $10,000, FOB destination, with payment terms of 3/10, n/40. Wrenns paid transportation costs of $100. Of these, merchandise sold for $3,000(with a cost of $1,500) was returned on November 6. The company received the payment for the balance amount on November 10, 2015. Calculate the Net sales revenue.


A) $6,790
B) $7,000
C) $4790
D) $7790

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