Answer:
$2,548
Explanation:
The computation of the amount received as on payment in full on July 24 is shown below:
= Sale made - returned goods
= $2,900 - $300
= $2,600
Now the full payment would be
= net sales - discount rate of net sales
= $2,600 - 2% of $2,600
= $2,600 - $52
= $2,548
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
