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Richter Company sells merchandise on account for $ 2 , 5 0 0 to Lynch Company with credit terms of 3 1 0 , n
Richter Company sells merchandise on account for $ to Lynch Company with credit terms of Lynch Company returns $ of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Richter Company make upon receipt of the check and the damaged merchandise? Credit account titles are automatically indented when the amount is entered. Do not indent manually.
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