Question
Old South Inc. made a $10,000 sale on account with terms, 2/10, n/30 and recorded the sale using the NET method. What is/are the debit(s)
Old South Inc. made a $10,000 sale on account with terms, 2/10, n/30 and recorded the sale using the NET method. What is/are the debit(s) to record the sale?
Group of answer choices
Debit Accounts Receivable for $9,800 and Sales Discounts for $200.
Debit Sales for $10,000.
Debit Accounts Receivable for $10,000.
Debit Accounts Receivable for $9,800.
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
