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Multiple Choice Question 101 Marigold Company sells merchandise on account for $4600 to Cullumber Company with credt terms of 1/10, n/30. Cullumber Company returns $400

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Multiple Choice Question 101 Marigold Company sells merchandise on account for $4600 to Cullumber Company with credt terms of 1/10, n/30. Cullumber Company returns $400 of merchandise that was damaged, along with a check to settle the account within the discount peniod. What entry does Marigold Company make upon recept of the chedk? Cah 4554 Sales Discounts 46 Sales Returns and Allowances 400 4200 O cash Sales Retuns and Allowances Sales Discounts 158 400 42 4600 Cash 4200 Accounts Receivable 4200 O Cash 4158 Sales Returns and Allow ances 442 Accounts Receivable 4600

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