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Merchandise vith a sales price of $4,700 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include
Merchandise vith a sales price of $4,700 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a Oa. debit to Customer Refunds Payable for $94 Ob. credit to Sales for $4,606 Oc. debit to Accounts Receivable for $4,700 Od. debit to Cash for $4,700
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
