Question
Merchandise with a sales price of $5,100 is sold on account with terms 2/10, n/30. The journal entry for the sale would include a a.
Merchandise with a sales price of $5,100 is sold on account with terms 2/10, n/30. The journal entry for the sale would include a
a. credit to Sales for $4,998
b. debit to Sales Discounts for $102
c. debit to Accounts Receivable for $4,978
d. debit to Cash for $5,100
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
