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On June 15, a food wholesaler sold 100 cases of canned soup to Vitalis Foods for $120 per case with terms of 2/10, n/30. On
On June 15, a food wholesaler sold 100 cases of canned soup to Vitalis Foods for $120 per case with terms of 2/10, n/30. On June 17, Vitalis returned 20 cases of damaged inventory (and received full credit), along with a check for the amount due for the purchase. Given this information, the journal entry by Vitalis Foods on June 17 will: Select one: A. Debit Accounts Receivable for $12,000 B. Credit Cash for $11,760 C. Credit Inventory for $2,592 D. Debit Cash for $9,408
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