exam 2 q7 q8

The collection of a $1,500 account after the 2 percent discount period will result in a debit to Sales Discounts for $30. Calculator debit to Cash for $1,470. Standard debit to Accounts Receivable for $1,500. debit to Cash for $1,500. MC MR M+ % CE Question 7 Vx Sales revenues are usually considered recognized when 7 8 O goods have been transferred from the seller to the buyer. 4 5 adjusting entries are made. 1 2 cash is received from credit sales. an order is received. 0 2 pts