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D Question 11 WarEagle Company sold merchandise on credit with a list price of $70,000. Terms were 2/10, Given the indicated sales discounts methods in
D Question 11 WarEagle Company sold merchandise on credit with a list price of $70,000. Terms were 2/10, Given the indicated sales discounts methods in the responses, which entry is correct? Gross Method: Dr. Accounts Receivable 63.000; Cr. Sales 63,000 Net Method: Dr. Sales 68,600: Cr. Accounts Receivable 68,600 Net Method: Dr. Accounts Receivable 70,000; Cr. Sales 70,000 Gross Method: Dr. Accounts Receivable 70,000; Cr. Sales 70,000
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