Terra Co sold on account $1,000 of goods to TAC Enterprises. Two weeks later, TAC returned $200 of the goods. The return of the goods will result in a for Terra. Debit to Sales Returns and Allowances. Credit to Cash. Debit to Sales Revenue. Credit to Sales Discounts. Swifty sells softball equipment. On November 14 , they shipped $2910 worth of softball uniforms to Bonita Middle School, terms 2/10, n/30. On November 21, they received an order from Vista High School for $1590 worth of custom printed bats to be produced in December. On November 30, Bonita Middle School returned $260 of defective merchandise. Swifty has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30 ? $2650$2910$4240$4500 Trade receivables occur when two companies trade or exchange notes receivables. True False