Mountain Corp

question 51

Short Answer

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?

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Definitions:

Aggression Limitation

Aggression limitation involves strategies and methods used to control, reduce or manage aggressive behaviors in individuals or groups.

Animal Species

Basic units of biological classification that group together individuals who share common characteristics and are capable of breeding amongst themselves to produce fertile offspring.

Taught Mechanisms

Approaches, strategies, or processes that have been conveyed or imparted through teaching to understand or accomplish something.

Emotional Socialization

The aspect of socialization that involves learning how to understand, manage, and express emotions in socially accepted ways.