Question
A $50,000 sales transaction is made with terms of 2/10, net 30. What amount is recorded to the accounts receivable account when the sale is
A $50,000 sales transaction is made with terms of 2/10, net 30. What amount is recorded to the accounts receivable account when the sale is recorded under the gross method of accounting for cash discounts?
Question 4 options:
|
| $49,000 credit |
|
| $50,000 debit |
|
| $50,000 credit |
|
| $49,000 debit |
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
9th Edition
1466561629, 978-1466561625
