Arc Company sells stone garden statues and offers a 6% discount to its high- volume customers. Sunny

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Arc Company sells stone garden statues and offers a 6% discount to its high- volume customers. Sunny Garden Center purchased statues on account with a list price of $ 54,000 and received a volume discount of 6% off the purchase price. What is the journal entry to record this sale (ignore the effect on inventory and cost of goods sold)?
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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