WileyPLUS i/main.uni CANVAS UCLA Canvas Login The Income Statem. Weygandt, Accou

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WileyPLUS i/main.uni CANVAS UCLA Canvas Login The Income Statem. Weygandt, Accounting Principles, 13e Helo I System Annosincements CALCULAToR Multiple Choice Question 101 Waterway Company sells merchandise on account for $4200 to Carla Vista Company with credit terms of 1/10, n/30. Carla Vista Company returns $800 of of the check? with a check to settle the account within the discount period. What entry does Waterway Company make upon receipt O Cash 4158 42 Sales Discounts 800 3400 Sales Returns and Allowances 3400 3400 Accounts Recelvable 3366 800 34 ?Cash Sales Returns and Allowances Sales Discounts 4200 Accounts Receivable O Cash 3366 Sales Returns and Allowances 834 4200 Accounts Receivable Open Show Work Click if you would like to Show Work for this question: SAVE FOR LATER Question Attempts: 0 of 1 used

Explanation / Answer

Option C is the correct answer

Cash A/c Dr $3366

Sales Returns and Allowances A/c Dr $800

Sales Discount Dr $34

Accounts Receivable Cr $4200

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