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Carter Company Sells Merchandise on Account for $4,000 to Hannah

Question 69

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

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