Answer:
The amount of check is $3,038
Explanation:
Credit terms of 2/15, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 15 days after sale with net credit period of 30 days.
According to given data
Sales = $3,400
Returns = $300
Amount due = $3,400 - $300 = $3,100
As the payment is made within discount period, so discount will be availed
Discount = $3,100 x 2% = $62
Amount of Check = $3,100 - $62 = $3,038
