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1/2/2024 Gaza company sold merchandise inventory of $50,000 to Jenin company terms 2/10, n,30 and on 11/2/2024 Gaza company received the amount for merchandise
1/2/2024 Gaza company sold merchandise inventory of $50,000 to Jenin company terms 2/10, n,30 and on 11/2/2024 Gaza company received the amount for merchandise inventory sold.The journal entry on 15/2/2024 under gross method is: O a. Cash debit $50,000and Accounts receivable credit by same amount. O b. Accounts receivable debit $49,000and cash credit by same amount. O c. Cash debit $50,000and Accounts receivable credit $49,000 and sales discount forfeited credit $1,000. O d. Accounts receivable debit $50,000and cash credit by same amount.
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