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1. On May 1, ABC Company made a $1,000 sale to Gee with terms 2/10, net/30. ABC uses the net method to record credit sales.

1. On May 1, ABC Company made a $1,000 sale to Gee with terms 2/10, net/30. ABC uses the net method to record credit sales.

1. Make JE for ABC and Gee on May 1 2. Make JE for ABC and Gee if the payment is received on May 10. 3. Make JE for ABC and Gee if the payment is received on May 30.

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Question

1. On May 1, ABC Company made a $1,000 sale to Gee with terms 2/10, net/30. ABC uses the net method to record credit sales.

1. On May 1, ABC Company made a $1,000 sale to Gee with terms 2/10, net/30. ABC uses the net method to record credit sales. 1. Make JE for ABC and Gee on May 1 2. Make JE for ABC and Gee if the payment is received on May 10. 3. Make JE for ABC and Gee if the payment is received on May 30.

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1. On May 1, ABC Company made a $1,000 sale to Gee with terms 2/10, net/30. ABC uses the net method to record credit sales.

1. Make JE for ABC and Gee on May 1 2. Make JE for ABC and Gee if the payment is received on May 10. 3. Make JE for ABC and Gee if the payment is received on May 30.