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On January 1^(st ),2018 , Blue Co. made a $10,000 sale for 1,000 water bottles on account with terms: of (2)/(15),(n)/(30) . If the company
On January
1^(st ),2018
, Blue Co. made a
$10,000
sale for 1,000 water bottles on account with terms: of
(2)/(15),(n)/(30)
. If the company uses the net method, which of the following will be included in the Journal entry to record customer payment for all 1,000 water bottles on January
28^(th ),2018?
\ a) credit Accounts Receivable
$10,000
\ b) credit Sales Discounts Forfelted
$200
\ c) debit Sales Discount
$200
\ d) debit Cash
$9,800
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