On June 15, Kersee Company sold merchandise on account to Eng Co. for $1,000, terms 2/10, n/30. On June 20, Eng Co. retu

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answerhappygod
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On June 15, Kersee Company sold merchandise on account to Eng Co. for $1,000, terms 2/10, n/30. On June 20, Eng Co. retu

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On June 15, Kersee Company sold merchandise on account to EngCo. for $1,000, terms 2/10, n/30. On June 20, Eng Co. returnsmerchandise worth $300 to Kersee Company. On June 24, payment isreceived from Eng Co. for the balance due. What is the amount ofcash received on June 24?
$700.
$680.
$686.
None of the answer choices are correct.
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