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Coronado Company sells merchandise on account for $3600 to Wildhorse Company with credit terms of 1/10,n/30. Wildhorse Company returns $600 of merchandise that was damaged,
Coronado Company sells merchandise on account for $3600 to Wildhorse Company with credit terms of 1/10,n/30. Wildhorse Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Coronado Company make upon receipt of the check? Cash 3564 Sales Discounts 36 Sales Returns and 600 Allowances Accounts Receivable 3000
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