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dont use excel please 6 Points Question 6 Reem company sells goods that have a cost of $300,000 to Sama company for $850.000, with payment
dont use excel please
6 Points Question 6 Reem company sells goods that have a cost of $300,000 to Sama company for $850.000, with payment due in 1 year. The cash price for these goods is 5820.000, with payment due in 30 days. If Sama's company paid immediately upon delivery. It would receive a cash discount of $20.000 A) Prepare the journal entry to record this transaction at the date of sale (show the calculation) B) How much revenue should Reem report for the entire year show the calculation)? Use the editor to format your Step by Step Solution
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