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Mountain Corp

question 51

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Mountain Corp.sells merchandise on account for $2,000 to Cliff Corp., terms 2/10, n/30.Cliff returns $800 worth of merchandise that was damaged, along with a cheque to settle the account within the discount period.What entry does Mountain make upon receipt of the cheque? Mountain Corp.sells merchandise on account for $2,000 to Cliff Corp., terms 2/10, n/30.Cliff returns $800 worth of merchandise that was damaged, along with a cheque to settle the account within the discount period.What entry does Mountain make upon receipt of the cheque?


Definitions:

Immune Response

The body’s defensive reaction to invasion by bacteria, viral agents, or other foreign substances.

Defensive Reaction

An automatic response geared towards protecting oneself from perceived danger or threat, often involuntary.

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A common but serious mood disorder that causes severe symptoms affecting how you feel, think, and manage daily activities.

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A range of conditions that affect the heart, including coronary artery disease, arrhythmias, and congenital heart defects.

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