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 83

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 15. 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)
• \(\begin{array}{ll}
• \text { Accounts Receivable } &800\\
• \text { Cash }&& 800 \\
• \end{array}\)
• C)
• \(\begin{array}{lcc}
• \text { Cash } & 784 & \\
• \text { Sales Discounts } & 16 & \\
• \quad \text { Accounts Receivable } & & 800
• \end{array}\)
• D)
• Cash \( \quad\quad\quad\quad\quad\quad 800 \)
• Accounts Receivable \( \quad\quad\quad 800 \)

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Definitions:

Hypotonic Muscles

Refers to muscles that have lesser than normal tone or tension, often resulting in weakness and a reduced ability to contract.

Range of Motion

The full movement potential of a joint, usually its range of flexion and extension; an indicator of joint health.

Achilles Heel

A metaphor for a person's weak point or vulnerability, originating from the Greek mythology of Achilles.

Deep Tendon Reflexes

Involuntary contractions of muscles in response to a sudden stretch, often tested during neurological examinations.