Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help ASAP in the next hour I will like the answer if it is correct THANKS On November 2, 2018, Marigold Company has cash sales
Help ASAP in the next hour I will like the answer if it is correct THANKS
On November 2, 2018, Marigold Company has cash sales of $5920 from merchandise having a cost of $3520. The entries to record the day's cash sales will include: a $5920 debit to Accounts Receivable. a $3520 credit to Cost of Goods Sold. a $3520 credit to Inventory. a $5920 credit to Cash. A credit sale of $4200 is made on April 25 , terms 1/10,n/30, on which a return of $300 is granted on April 28 . What amount is received as payment in full on May 4 ? $3900$4200$4158$3861Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started