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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
image text in transcribed
On January 1st,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 28th,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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