d. Accounts Receivable Sales Revenue If a customer agrees to retain merchandise that is defective because the seller to reduce the selling price, this transaction is known as a sales a. discount b. return c. contra asset d allowance. Ayala Company sells merchandise on account for $9,000 to Verde Compan terms of 2/10, n/3o. Verde Company returns $1,5OO of merchandise that w along witha check to settle the account within the discount period. What is t the check? $7,350 b. $7,200 C. 8,820 d. $7,320 nts except