Question
Merchandise with a sales price of $13,900 was sold on account with the terms 2/10, n/30. The journal entry to record the sale would include
Merchandise with a sales price of $13,900 was sold on account with the terms 2/10, n/30. The journal entry to record the sale would include . . . .
debit to Cash for $13,900. debit to Accounts Receivable for $13,900. debit to Customer Refunds Payable for $278. credit to Sales Revenue for $13,622.
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
