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16) Eaton Co. sells merchandise on account for $1,000 to Tang Company with credit terms of 2/10, n/30 Tang Co. returns $300 of merchandise that
16) Eaton Co. sells merchandise on account for $1,000 to Tang Company with credit terms of 2/10, n/30 Tang Co. returns $300 of merchandise that was damaged, along with a check to settle the account two weeks after sale. What entry does Eaton Company make upon receipt of the check? A) Cash. .. 700 Accounts Receivable. 700 B) Cash... 1,000 Accounts Receivable... 1,000 ........a. C) Cash. ... Sales Discounts Accounts Receivable 680 20 ... 700 D) Cash. . 686 Sales Discounts 14 Accounts Receivable. 700 171 Dodd Co
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