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

question 63

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)
• \(\begin{array}{lr}
• \text { Accounts Receivable } & 784 \\
• \text { Sales Discounts } & 16 \\
• \text { Cash } &&800
• \end{array}\)
• B)
• \(\begin{array}{l}
• \text { Accounts Receivable } &800\\
• \text { Sales Discounts } &&16\\
• \text { Cash }&&784
• \end{array}\)
• C)
• \(\begin{array}{lc}
• \text { Cash } & 784 \\
• \text { Sales Discounts } & 16 \\
• \text { Accounts Receivable } &&800
• \end{array}\)
• D)
• \(\begin{array} { l c r }
• \text { Cash } & 800 \\
• \text { Sales Discounts } & 16 & \\
• \quad \text { Accounts Receivable } & & 816
• \end{array}\)

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Definitions:

Instrumental Assistance

Practical support provided to someone, typically involving tasks and actions rather than emotional support, such as help with household chores or running errands.

Tangible Help

Practical assistance provided in the form of goods, services, or physical actions, as opposed to advice or emotional support.

Prosocial Behavior

Positive actions aimed at benefiting others, including behaviors like helping, sharing, donating, cooperating, and volunteering.

Voluntary Behavior

Actions that are performed at an individual's discretion or will, without external compulsion.