IOR FULL SCREEN PRINTER VERSION BACK NEXT Multiple Choice Question 89 Oriole Company made a $25200 sale on account with the following terms: 3/10, n/30. If the company uses the net method to record sales made on credit, how much should be recorded as revenue? O$25956 24444. $23688 $25200 CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 92 On July 22, Peter sold $23300 of inventory items on credit with the terms 3/15, net 30. Payment on $14800 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received? O Cash 14356 Sales Discount Accounts Receivable 14800 Accounts Receivable Sales Discount Forfeited Cash 14800 Accounts Receivable 14800 Cash 14356 Accounts Receivable 14356 CREEN PRINTER VERSIONBACK NEXT Multiple Choice Question 95 Sheridan Company sold toys listed at $353 per unit to Carla Vista Co. for $300, a trade discount of 15 percent. Carla Vista Co. in turn sells the toys in the market at $318. Sheridan should record the receivable and related sales revenue (per unit) at: $353. $318 $279 $300 Click if you would like to Show Work for thie nuestintt CALCULATOR FULL SCREENPRINTER VERSION Multiple Choice Question 115 Bramble Corp. sold $132000 of goods and accepted the customer's $132000 996, 1-year note receivable in exchange. Assuming 12% approximates the market rate of return, what would be the debit in this journal entry to record the sale? Debit Accounts Receivable for $132000 No journal entry until cash is collected O Debit Notes Receivable for $120120. Debit Notes Receivable for $13200o