Raven Corp.follows ASPE and sells merchandise on account for $4,000 to Eagle Corp., terms 2/10, n/30.Eagle returns $1,600 worth of merchandise that was damaged, along with a cheque to settle the account within the discount period.What entry does Raven make upon receipt of the cheque? 
Definitions:
Average Revenue
The total revenue divided by the quantity sold, representing the amount of revenue generated per unit of output sold.
Marginal Revenue
The increase in revenue that results from the sale of one additional unit of a product or service.
Natural Monopoly
A market situation where due to high fixed costs or unique production processes, one provider can supply a product or service more efficiently than multiple competitors.
Average Total Cost
The total cost of production divided by the total output or quantity of goods produced.
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