1. Sues Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a...
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1. Sues Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10, n/30. Five necklaces were returned prior to payment. The entry to record the original sale would include a __________.
A. debit to Accounts Receivable for $530 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
B. debit to Accounts Receivable for $500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C. debit to Sales for $530 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
D. debit to Sales for $500
2. Recording to the Accounts Receivable subsidiary ledger is done __________.
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