On September 12,Vander Company Sold Merchandise in the Amount of $5,800

question 46

Multiple Choice

On September 12,Vander Company sold merchandise in the amount of $5,800 to Jepson Company,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Vander uses the periodic inventory system.On September 14,Jepson returns some of the merchandise.The selling price of the merchandise is $500 and the cost of the merchandise returned is $350.Jepson pays the invoice on September 18,and takes the appropriate discount.The journal entry that Vander makes on September 18 is:

---

Definitions:

Identification

The process of recognizing or establishing the identity of a person or thing, often used in legal, psychological, and scientific contexts.

Somatosensory Cortex

A part of the brain responsible for processing sensory information from the body, including touch, temperature, and pain.

Motor Cortex

An area of the cerebral cortex responsible for the planning, controlling, and carrying out of voluntary movements.