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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
On April 10, Salt Company received a cheque from Pepper Company for payment of an invoice dated March 24 for $2,000 with credit terms of 2/10 n/30. On March 28, Pepper had returned $200 of the merchandise because it was defective. How would this transaction be recorded in Salt's cash receipts journal?
A) debit Cash $2,000; credit Accounts Receivable-Pepper Company $2,000
B) debit Cash $1,800; credit Accounts Receivable-Pepper Company $1,800
C) debit Cash $1,764; credit Accounts Receivable-Pepper Company $1,764
D) debit Cash $1,764 and Sales Discounts $36; credit Accounts Receivable-Pepper Company $1,800
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Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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HanoiHanoi
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6 years ago
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harra Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
lubennick
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Yesterday
Good timing, thanks!
Alina01978
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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