Question
On April 28 when Muggle Company records the sale of goods on account to Potter Company for 10,000 with terms 2/10 n/30, which of the
On April 28 when Muggle Company records the sale of goods on account to Potter Company for 10,000 with terms 2/10 n/30, which of the following should be included in journal entries under the net and gross method?
Net Method Gross Method
*a. Sales Revenue 9,800 Sales Revenue 10,000
b. Sales Revenue 10,000 Sales Revenue 9,800
c. Account Receivable 10,000 Future Sales Discount 200
d. Interest Revenue 200 Sales Discount 200
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
8th Edition
1439821453, 978-1439821459
