On November 1, 2012, Everett Janitorial Supply sold merchandise for $5,000, FOB destination, 2/10, n/30. The merchandise cost $3,200. Everett paid transportation costs of $100. On November 6, 2012, merchandise of $1,000 from the November 1 sale was returned. The returned merchandise had cost $600. Everett received payment for the balance of the sale on November 10, 2012. Please provide the journal entry to record the receipt of payment from the customer.
Definitions:
Excitation
The process or state of being energized or stimulated to action or to increased activity.
Inhibition
The process of suppressing or restraining a behavioral or biological response.
Stimulants
Substances that increase activity in the brain and body, often enhancing alertness, attention, and energy.
Mirror Neurons
Neurons that fire both when an individual acts and when the individual observes the same action performed by another, contributing to empathy and understanding.
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