Discount taken in next fiscal year Obj. 4 Using the data for Sacajawea Mercantile Co. in Exercise
Question:
Discount taken in next fiscal year Obj. 4 Using the data for Sacajawea Mercantile Co. in Exercise 5-35, assume that Mark Bishop pays his June 30, 20Y4, account receivable of $1,500 on July 6, 20Y4, and takes a 2% sales discount.
Journalize the entry to record the payment on account from Mark Bishop.
AppendixLO1
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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