Vaughn Company sells merchandise on account for $$5300$ to Cullumber Company with credit terms of $\frac{1}{10},\frac{n}{30}.$ Cullumber Company returns $$700$ of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Vaughn Company make upon receipt of the check?

Cash

$4554$

Sales Returns and Allowances

$746$

Accounts Receivable

$5300$

Cash

$4600$

Accounts Receivable

$4600$

Cash

Sales Returns and Allowances

Sales Discounts

Accounts Receivable

Cash

Sales Discounts

Sales Returns and Allowances

Accounts Receivable

$4554$

$700$

$46$

$5300$

$5247$

$53$

$700$

$4600$