Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
harra harra
wrote...
Go to Answer
Posts: 1309
Rep: 2 0
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
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 219 times
1 Reply
Replies
Answer verified by a subject expert
HanoiHanoi
wrote...
#1
Posts: 433
Rep: 20 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

harra Author
wrote...

6 years ago
This site is awesome
Smair87
wrote...

Yesterday
Just got PERFECT on my quiz
karamsidhu1
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1337 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 6027
  
 7799
  
 181
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?