On April 10, Salt Company received a cheque from Pepper Company for payment of an invoice dated March 24 for $2,000 with credit terms of 2/10 n/30. On March 28, Pepper had returned $200 of the merchandise because it was defective. How would this transaction be recorded in Salt's cash receipts journal?
A)debit Cash $2,000; credit Accounts Receivable-Pepper Company $2,000
B)debit Cash $1,800; credit Accounts Receivable-Pepper Company $1,800
C)debit Cash $1,764; credit Accounts Receivable-Pepper Company $1,764
D)debit Cash $1,764 and Sales Discounts $36; credit Accounts Receivable-Pepper Company $1,800

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The Answer of On April 10, Salt Company received a cheque from Pepper Company for payment of an invoice dated March 24 for $2,000 with credit terms of 2/10 n/30. On March 28, Pepper had returned $200 of the merchandise because it was defective. How would this transaction be recorded in Salt's cash receipts journal?
A)debit Cash $2,000; credit Accounts Receivable-Pepper Company $2,000
B)debit Cash $1,800; credit Accounts Receivable-Pepper Company $1,800
C)debit Cash $1,764; credit Accounts Receivable-Pepper Company $1,764
D)debit Cash $1,764 and Sales Discounts $36; credit Accounts Receivable-Pepper Company $1,800

On April 10, Salt Company Received a Cheque from Pepper