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Use the following information regarding Black Company and Tan Company to determine Black Company's Cost of Goods Sold for 2024 (round to the nearest dollar)? $260.957 $244,601 $252,840 $260.043 During the year, Company A's merchandise inventory decreased by $50,000. If the company's cost of goods sold for the year was $750,000, purchases were $650,000. $800,000. Unable to determine. $700,000. Financial information is presented below: Net sales reported on the income statement would be $165,000. $153,000. $150,000. $162,000. Acme Supply Company sells merchandise on account for $1,800 to Ace Retail Company with credit terms of 2/10, n/30. Ace. Retail Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Acme Supply Company make upon receipt of the check