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ABC Company had the following transactions during March 2020: On March 2, the company sold merchandise to LEYA Company for $10,000, terms 2/12, n/30. On
ABC Company had the following transactions during March 2020: On March 2, the company sold merchandise to LEYA Company for $10,000, terms 2/12, n/30. On March 5, LEYA Company returned merchandise to ABC Company worth $3,000. On March 14, LEYA Company paid the full amount due to ABC Company. . The entry of March 2 transaction, in the books of ABC Company, will include a debit of sales revenue of $10,000.* True False The entry of March 5 transaction, in the books of ABC Company, will include a debit of sales return of $3,000.* True False The entry of March 14 transaction, in the books of ABC Company, will include a debit of cash $9,800.* True O False
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