Waterway Company sells merchandise on account for $5500 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Waterway Company make upon receipt of the check? O Alt+A+ Cash Sales Discounts Sales Returns and Allowances Accounts Receivable Cash Sales Returns and Allowances Sales Discounts Accounts Receivable 5445 55 4653 800 47 800 4700 5500

Waterway Company sells merchandise on account for $5500 to Pharoah Company with credit terms of 1/10,n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Waterway Company make upon receipt of the check