Bramble Corp. follows ASPE and sells merchandise on account for
$6100 to Whispering Winds Corp., terms 1/10, n/30. Whispering Winds
returns $1900 worth of merchandise that was damaged, along with a
cheque to settle the account within the discount period. What entry
does Bramble make upon receipt of the cheque?
ash |
4139 |
|
Sales Returns |
1923 |
|
Sales Discounts |
38 |
|
Accounts
Receivable |
|
6100 |
Cash |
4139 |
|
Sales Discounts |
61 |
|
Sales Returns |
1900 |
|
Accounts
Receivable |
|
6100 |
Cash |
4200 |
|
Accounts
Receivable. |
|
4200 |
Cash |
4158 |
|
Sales Returns |
1900 |
|
Sales Discounts |
42 |
|
Accounts
Receivable |
|
6100 |