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CALCULATOR PRINTER VERSION 4 BACK Multiple Choice Question 132 Tamarisk, Inc. sells merchandise on account for $2600 to Morton Company with credit terms of 2/7,
CALCULATOR PRINTER VERSION 4 BACK Multiple Choice Question 132 Tamarisk, Inc. sells merchandise on account for $2600 to Morton Company with credit terms of 2/7, n/30. Morton Company returns $1100 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Tamarisk, Inc. make upon receipt of the check? 2548 52 1100 1500 Cash Sales Discounts Sales Returns and Allowances Accounts Receivable Cash Accounts Receivable Cash Sales Returns and Allowances Accounts Receivable 1500 1500 1470 1130 2600 Cash Sales Returns and Allowances Sales Discounts Accounts Receivable 1470 1100 30 2600
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