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On may 23 2007 xyz company purchased inventory for 3450 on

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On May 23, 2007, XYZ Company purchased inventory for $3,450 on account. The discount terms were 4/15, n/30. XYZ paid one-half of its bill on June 2, 2007 and paid the other one-half of its bill on June 11, 2007.

Calculate the total amount of cash paid by XYZ Company for its purchase of inventory. Do not use decimals in your answer.

Reference no: EM13588370

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