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On April 1, Pro Company received a cheque from Carter Company for payment of an invoice dated March 24 for $3,000 with credit terms of
On April 1, Pro Company received a cheque from Carter Company for payment of an invoice dated March 24 for $3,000 with credit terms of 2/10 n/30. On March 28, Carter had returned $200 of the merchandise because it was defective. When will the cash receipt be posted to Carter Company's account receivable account in the accounts receivable subsidiary ledger? OA. on April 30, because special journals are always posted monthly B. anytime, it doesn't matter when subsidiary ledgers are posted OC. at the end of the next accounting period O D. on April 1, because subsidiary ledgers are posted daily
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