On December 9, Carolina Company sells merchandise on account for $90,000 to Virginia Company with credit terms of 1/10, n/30. On December 15, Virginia Company returns $1,500 of merchandise that was damaged, along with a check to settle the account. What is the amount of the check?

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The original sale was $90,000. Virginia Company returned $1,500 of damaged merchandise, reducing the amount owed to $88,500. Since the payment is made within the discount period (1/10, n/30), Virginia Company is eligible for a 1% discount on the remaining balance. The discount is 1% of $88,500, which is $885. Therefore, the amount of the check is $88,500 - $885 = $87,615.

On December 9, Carolina Company Sells Merchandise on Account for $90,000