Question & Answer: would the following transaction be classified under Option 1: Sales, sales return, cash receipt, or charge off; or Opti…..

would the following transaction be classified under Option 1: Sales, sales return, cash receipt, or charge off; or Option 2: Purchaase of goods or services or cash disbusement

Recieved check No 49326 for $10000 from Eastern Wisconsin Univ. in partial payment of the remaining amout (after sales return) on a charge invoice No. 729 and deposited the check.