On june 15, a food wholesaler sold 100 cases of canned soup to happy foods for $30 per case with terms of 2/10, n/30. on june 17, happy returned 20 cases of damaged inventory (and received full credit), along with a check for the amount due for the purchase.
given this information, the journal entry by happy foods on june 17 will:
a. debit accounts receivable for $3,000.
b. credit cash for $2,940.
c. debit cash for $2,352.
d. credit inventory for $648.
Answers: 2
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