Exit Subm On November 10 of the current year, Flores Mills sold carpet to a customer...
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Exit Subm On November 10 of the current year, Flores Mills sold carpet to a customer for $8,800 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? Multiple Choice Account Title Debit Credit Cash 9,624 Sales discounts 176 Accounts receivable ,000 Account Title Debit Credit Cash Sales discounts 9,800 176 Accounts receivable Sales 8,800 176 Cash Account Title Debit Credit 8,426 Accounts receivable .624 Exit Subm On November 10 of the current year, Flores Mills sold carpet to a customer for $8,800 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? Multiple Choice Account Title Debit Credit Cash 9,624 Sales discounts 176 Accounts receivable ,000 Account Title Debit Credit Cash Sales discounts 9,800 176 Accounts receivable Sales 8,800 176 Cash Account Title Debit Credit 8,426 Accounts receivable .624
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