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13- A company sells merchandise for 1,000 TL on account with terms of 2/10 net/30. Defective merchandise of 200 TL is returned 2 days later.
13- A company sells merchandise for 1,000 TL on account with terms of 2/10 net/30. Defective merchandise of 200 TL is returned 2 days later. Which of the following entries would be made to record the cash receipt for the sale if the payment is received within 10 days? 16 TL d a) The accounting entry would be a 16 TL debit to Sales Discounts, a 800 TL debit to Cash and a 816 TL credit to Accounts Receivable. b) The accounting entry would be a 784 TL debit to Cash, a 16 TL debit to Sales Discounts and an 800 TL credit to Accounts Receivable. c) The accounting entry would be an 800 TL debit to Cash, a 16 TL credit to Sales Discounts and a 784 TL credit to Accounts Receivable. d) O The accounting entry would be an 800 TL debit to Cash and an 800 TL credit to Accounts Receivable
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