Melannie Inc. sold $8,200 worth of merchandise on June 1, 2015 on credit. After inspecting the inventory, the customer determined that 10% of the items were defective and returned them to Melannie Inc. The terms given to the customer were 2/15 n30. If the customer pays the invoice on June 5, what is the journal entry made by Melannie to record the payment? 

Answer rating: 100% (QA)

To determine the journal entry made by Melanie Inc when the customer pays the invoice on June 5 lets ... View the full answer