Multiple Choice Question 132 Nash's Trading Post, LLC sells merchandise on account for $1200 to Morton Company with credit terms of 2/7, n/30. Morton Company returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Nash's Trading Post, LLC make upon receipt of the check Cash Accounts Receivable 500 Cash Sales Returns and Allowances Accounts Receivable Cash Sales Returns and Allowances Sales Discounts Accounts Receivable Cash Sales Discounts Sales Returns and Allowances Accounts Receivable 1176 Question Attempts: 0 of 1 used SAVE FOR LATER SURMIT