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Carter Company sells merchandise on account for $4,000 to Hannah Company with credit terms of 2/10, n/30. Hannah Company returns $600 of merchandise that was
Carter Company sells merchandise on account for $4,000 to Hannah Company with credit terms of 2/10, n/30. Hannah Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Carter Company make upon receipt of the check? O Cash 3.400 Accounts Receivable 3,400 O Cash 3.332 Sales Returns and Allowances 668 Accounts Receivable 4,000 O Cash 3.332 600 Sales Returns and Allowances Sales Discounts Accounts Receivable 68 4.000 3.920 80 O Cash Sales Discounts Sales Returns and Allowances Accounts Receivable 600 3,400 Question 22 1 pts Cleese Company sells merchandise on account for $5,000 to Langston Company with credit terms of 2/10, n/30. Langston Company returns $1,000 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? O $3,920 0 $4,000 O $4,900 O $4,920
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