Question

Bramble Corp. follows ASPE and sells merchandise on account for $6100 to Whispering Winds Corp., terms...

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

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