What entry does piper company make upon receipt

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Reference no: EM133433261

Question 1: Aber Company sells merchandise on account for $3,000 to Borth Company with credit terms of 2/10, n/30. Borth Company returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?

Question 2: Piper Company sells merchandise on account for $1,800 to Morton Company with credit terms of 2/10, n/30. Morton Company returns $600 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Piper Company make upon receipt of the check?

Reference no: EM133433261

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