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What amount will be recognized as net accounts receivable

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Question problem 1: Crane sells softball equipment. On November 14, they shipped $3040 worth of softball uniforms to Palos Middle School, terms 2/10, n/30. On November 21, they received an order from Tinley High School for $1540 worth of custom printed bats to be produced in December. On November 30, Palos Middle School returned $280 of defective merchandise. Crane has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30?

a) $4300

b) $4580

c) $3040

d) $2760

Reference no: EM132463183

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