A Company Sold Merchandise for $4,000 on Account with Terms

question 25

Multiple Choice

A company sold merchandise for $4,000 on account with terms of 4/15,n/30.The company uses a perpetual inventory system.Defective merchandise of $200 was returned two days later.If the payment was received after 30 days,the journal entry to record the cash receipt will include ________.

• A)a debit to Cash for $3,840 and a credit to Accounts Receivable for $3,840
• B)a debit to Cash for $3,800 and a credit to Accounts Receivable for $3,800
• C)a credit to Sales Revenue for $3,800 and a debit to Cash for $3,800
• D)a credit to Cost of Goods Sold for $4,000 and a debit to Sales Revenue for $4,000

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Definitions:

Coping Strategies

Techniques or methods used to manage or overcome difficulties and stress.

Family Focused Interventions

are therapeutic or preventive strategies aimed at improving the dynamics and functioning of a family to improve outcomes for all members.

Social Skills

The abilities used by individuals to interact and communicate with others effectively.

Emotion-focused Coping

A type of stress management that involves trying to reduce the negative emotional responses associated with stress, such as embarrassment, fear, anxiety, depression, excitement, and frustration.