Purchases transactions xanadu company purchased merchandise on account from springhill company for $12,600, terms 1/10, n/30. xanadu returned merchandise with an invoice amount of $2,800 and received full credit.

a. if xanadu company pays the invoice within the discount period, what is the amount of cash required for the payment? if required, round the answer to the nearest dollar. $
b. what account is debited by xanadu company to record the return?

answer; ///usually the ( irs ) selects returns that are the most likely have errors,based on complex criteria;

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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