Answer:
The terms 2/10, n/30 mean that if the payment is made with 10 days the buyer will get a 2% discount and the payment has to be made inside 30 days.
After $200 worth of merchandise is returned the, Kelsey company are owed $1800
Because the payment is made after more than 10 days there will be no discount and buyer co will have to pay in full. The amount of cash received by Kelsey Company on May 24 will be $1800
Explanation:
