On April 10, Salt Company Received a Cheque from Pepper

question 39

Multiple Choice

On April 10, Salt Company received a cheque from Pepper Company for payment of an invoice dated March 24 for $2,000 with credit terms of 2/10 n/30. On March 28, Pepper had returned $200 of the merchandise because it was defective. How would this transaction be recorded in Salt's cash receipts journal?

• A)debit Cash $2,000; credit Accounts Receivable-Pepper Company $2,000
• B)debit Cash $1,800; credit Accounts Receivable-Pepper Company $1,800
• C)debit Cash $1,764; credit Accounts Receivable-Pepper Company $1,764
• D)debit Cash $1,764 and Sales Discounts $36; credit Accounts Receivable-Pepper Company $1,800

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Definitions:

Agreeableness

A personality trait that reflects a person's tendency to be compassionate, cooperative, and harmonious in their interactions with others.

Hope

A feeling of expectation and desire for a certain thing to happen, often accompanied by optimism about the future.

Job Satisfaction

The level of contentment employees feel towards their jobs, influenced by various factors such as work environment, compensation, and alignment with personal goals.

Praise

The expression of approval, admiration, or commendation towards someone or something.