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The entry to record a sale of $2800 with terms of 2/9, n/30 will include a debit to Cash for $2744. O credit to Accounts

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The entry to record a sale of $2800 with terms of 2/9, n/30 will include a debit to Cash for $2744. O credit to Accounts Receivable for $2800. credit to Sales Revenue for $2800. credit to Sales Discounts for $56. Che collection of a $1200 account within the 2 percent discount period will result in a credit to Cash for $1176. debit to Sales Discounts for $24. credit to Accounts Receivable for $1176. debit to Accounts Receivable for $1176. Swifty Corporation sells merchandise on account for $1200 to Swifty Company with credit terms of 2/7,n/30. Swifty Company returns $200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? $980 $924 $900 $976 Marigold Corp.sells merchandise on account for $1400 to Morton Company with credit terms of 2/9./30. Morton Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Marigold Corp. make upon receipt of the check? 1372 28 Cash Sales Discounts Sales Returns and Allowances Accounts Receivable O Cash Sales Returns and Allowances Accounts Receivable Cash Accounts Receivable Cash Sales Returns and Allowances Sales Discounts Accounts Receivable The collection of a $600 account beyond the 2 percent discount period will result in a debit to Sales Discounts for $12. o debit to Cash for $588. debit to Accounts Receivable for $600. debit to Cash for $600

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