Myers and Company sold $1,800 of merchandise on account to Oscar, Inc. on March 1 with credit terms of 2/10, n/30. Oscar returned $500 of the merchandise due to poor quality on March 3. If Oscar pays for the purchase on March 11, what entry does Myers make to record receipt of the payment? A. Cash 1,800Sales Discount 36Accounts Receivable 1,764B. Cash 1,764Accounts Receivable 1,764C. Cash 1,800Sales Returns and Allowances 500Accounts Receivable 1,300D. Cash 1,274Sales Discount 26Accounts Receivable 1,300
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