Determine the amount of cash collected on a credit sale in the amount of $5,000, subject to a 5% sales tax when $500 worth of merchandise has already been returned for credit. Assume cash is collected after the discount period.
$ ________

Sales Tax

A tax levied by governments on the sale of goods and services, typically calculated as a percentage of the retail price.

Credit Sale

Transactions where goods or services are sold by providing credit to the customer, with payment to be received at a later date.

Merchandise Return

Goods returned by the buyer to the seller after purchase due to defects, dissatisfaction, or other reasons, often resulting in a reversal or adjustment of the initial sale transaction.