Question
Cool Phone Accessory Company is offering a 10% discount for cracked screen repair. You walk into the store and they fix your phone right then.
Cool Phone Accessory Company is offering a 10% discount for cracked screen repair. You walk into the store and they fix your phone right then. The sales price before the discount is $75.00. What would be the journal entry to record the sale with a 10% discount, assuming you paid cash and the service is not taxable?
Select one:
a. DR: Cash $67.50 DR: Sales discount $7.50 CR: Repair Revenue $75.00
b. DR: Cash $75.00 CR: Repair Revenue $75.00
c. DR: Cash $67.50 CR: Repair Revenue $67.50
d. DR: Cash $75.00 CR: Sales discount $7.50 CR: Repair Revenue $67.50
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