Question
Hawra's retail Company sold supplies of $46,000 to Maha Co. on April 12 of the current year, with terms 1/15, n/60. Hawra uses the net
Hawra's retail Company sold supplies of $46,000 to Maha Co. on April 12 of the current year, with terms 1/15, n/60. Hawra uses the net method of accounting for cash discounts. What entry would Hawra's make on June 10, assuming the customer made the correct payment on that date?
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Cost Accounting
Authors: M.Y. Khan, P.K. Jain
2nd Edition
9339203445, 9789339203443
