On June 3,Win-Tel Company Sold Merchandise Worth $800 on Credit,terms

question 151

Multiple Choice

On June 3,Win-Tel Company sold merchandise worth $800 on credit,terms 2/10,n/30.The merchandise sold had cost $550.The customer paid the amount on June 10. What is the required journal entry to record the payment received under the periodic inventory system?

• A) Accounts Receivable 784
• Sales Discounts 16
• Cash 800
• B) Accounts Receivable 800
• Sales Discounts 16
• Cash 784
• C) Cash 784
• Sales Discounts 16
• Accounts Receivable 800
• D) Cash 800
• Sales Discounts 16
• Accounts Receivable 816

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Definitions:

Urethra

The duct through which urine is discharged from the bladder to the exterior of the body in both males and females, and also serves as a conduit for semen in males.

Micturition Reflex

Contraction of the urinary bladder stimulated by stretching of the bladder wall; results in emptying of the bladder.

Blood-testis Barrier

A physical barrier between the blood vessels and the seminiferous tubules of the testes, protecting germ cells from harmful substances in the bloodstream.

Antibodies

Proteins produced by the immune system that recognize and neutralize foreign substances, such as bacteria and viruses.