On June 15, Oakley Incorporated sells inventory on account to Sunglass Hut (SH) for $6,500, terms 1/10, n/30. On June 20, SH returns to Oakley inventory that SH had purchased for $1,400. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What is the amount of cash paid by SH to Oakley
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On June 15, Oakley Incorporated sells inventory on account to Sunglass Hut (SH) for $6,500, terms 1/...
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