A seller sold merchandise which has a list price of S4,000 on account, giving a trade discount of 20 The entry on the books of the seller is pg85 a Accounts Receivable Trade Discounts Sales 3,200 800 4,000 b Accounts Receivable Sales 4,000 4,000 c Accounts Receivable Sales Discounts 3,200 BOO Sales...

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A seller sold merchandise which has a list price of S4,000 on account, giving a trade discount

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A seller sold merchandise which has a list price of S4,000 on account, giving a trade discount of 20%. The entry on the books of the seller is: pg85

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jun 28, 2024 10:10 AM

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A seller sold merchandise which has a list price of S4,000 on account, giving a trade discount

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a. Accounts Receivable Trade Discounts. Sales 3,200 800 4,000 b. Accounts Receivable Sales 4,000 4,000 c. Accounts Receivable Sales Discounts 3,200 BOO Sales 4,000 d. Accounts Receivable 3,200 Sales 3,200 e. None of the above. 000

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Accounting A Business Perspective

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