MULINIU CHOICE Question 132 Blue Spruce Corp. sells merchandise on account for $3200 to with credit terms of 2/8 n/30. Wildhorse Co. returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Blue Spruce Corp make upon receipt of the check? . .. 2700 Accounts Receivable 2700 2646 554 3200 Cash Sales Returns and Allowances Accounts Receivable Cash Sales Returns and Allowances Sales Discounts Accounts Receivable 2546 500 3200 3136 Cash Sales Discounts Sales Returns and Allowances Accounts Receivable 500 2700