A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as payment in full on June 23 is $650. $700. $685. $686.

The amount received as payment in full on June 23 is $686

Explanation:

Given,

Credit sale of $750

Terms 2/10, net/30

$50 is granted on June 16

= (750-50) x 0.98

= 700 x 0.98

= 686

The payment is reported as a repayment to the accounts receivable. Make an equivalent debit to the bank account to accept the earned money as a payment