Your company sold goods costing $ 900 on credit on may 5, with credit terms of 2/10, n/30. on may 8, you gave $200 credit to the buyer for damaged goods returned. using periodic inventory system, what journal entries will you pass in your books on may 14, to record the cash received for the balance due within the discount period?

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.