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july 1, pam's pizza supply sold 100 pounds of pepperoni for $800 on account to a local pizza parlor. The terms of the sale were
july 1, pam's pizza supply sold 100 pounds of pepperoni for $800 on account to a local pizza parlor. The terms of the sale were 2/10, n/30. The pizza parlor pays pam's pizza supply in full on July 7.
Prepare the entries that Pam would make to record the sale and the receiot of the payment. For a compound transaction, if an amount box does not require, leave it as blank.
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