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Moses Company Sells Merchandise on Account for $4,000 to Lane

Question 201

Multiple Choice

Moses Company sells merchandise on account for $4,000 to Lane Company with credit terms of 2/10, n/30.Lane Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.What entry does Moses Company make upon receipt of the check?

A) Moses Company sells merchandise on account for $4,000 to Lane Company with credit terms of 2/10, n/30.Lane Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.What entry does Moses Company make upon receipt of the check? A) B) C) D)
B) Moses Company sells merchandise on account for $4,000 to Lane Company with credit terms of 2/10, n/30.Lane Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.What entry does Moses Company make upon receipt of the check? A) B) C) D)
C) Moses Company sells merchandise on account for $4,000 to Lane Company with credit terms of 2/10, n/30.Lane Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.What entry does Moses Company make upon receipt of the check? A) B) C) D)
D) Moses Company sells merchandise on account for $4,000 to Lane Company with credit terms of 2/10, n/30.Lane Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period.What entry does Moses Company make upon receipt of the check? A) B) C) D)

Moses Company Sells Merchandise on Account for $4,000 to Lane

Multiple Choice

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