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? 
Definitions:
Behavior Therapist
A mental health professional who uses principles of behaviorism to treat psychological disorders and modify harmful behaviors.
Childhood
The period of a person's life from birth to adolescence, often associated with growth, learning, and play.
Procrastinate
The act of delaying or postponing tasks or decisions, often leading to stress or decreased productivity.
Biopsychosocial Model
An interdisciplinary model that explains the complex interactions between biological, psychological, and social factors in health and illness.
Q2: All of the following are the goals
Q15: A good system of internal control is
Q21: Which of the following is an inventory
Q28: When the terms of sale include a
Q52: After all closing entries have been posted,
Q73: Contributed capital is shown on a corporate
Q87: Adjusting entries are useful in apportioning costs
Q92: How is the matching rule applied when
Q126: An adjusting entry would not include which
Q162: The maker of a note records Notes