On June 3,Win-Tel Company Sold Merchandize Worth $800 on Credit,terms $\begin{array}{lcc}\text { Accounts Receivable } & 784 & \\\text { Sales Discounts } & 16 & \\\quad \text { Cash } & & 800\end{array}$

question 158

Multiple Choice

On June 3,Win-Tel Company sold merchandize worth $800 on credit,terms 2/10,n/30.The merchandize 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)
• \(\begin{array}{lcc}
• \text { Accounts Receivable } & 784 & \\
• \text { Sales Discounts } & 16 & \\
• \quad \text { Cash } & & 800
• \end{array}\)
• B)
• \(\begin{array}{lr}\text { Accounts Receivable }&800\\
• \text { Sales Discounts } && 16 \\
• \text { Cash } && 784
• \end{array}\)
• C)
• \(\begin{array}{lcc}
• \text { Cash } & 784 & \\
• \text { Sales Discounts } & 16 & \\
• \quad \text { Accounts Receivable } & & 800
• \end{array}\)
• D)
• \(\begin{array}{lcl}
• \text { Cash } & 800 & \\
• \text { Sales Discounts } & 16 & \\
• \quad \text { Accounts Receivable } & & 816
• \end{array}\)

---

Definitions:

Urinary System

The body system in vertebrates that consists of the kidneys, urinary bladder, and associated ducts.

Ureter

A tube that carries urine from the kidneys to the bladder.

Urinary Bladder

A hollow muscular organ that stores urine from the kidneys before it is excreted from the body.

Podocytes

Specialized cells in the kidney that form part of the filtration barrier, wrapping around the capillaries of the glomerulus to prevent the passage of large molecules.