Question
On July 22, Mark sold $23900 of inventory items on credit with the terms 3/15, net 30. Payment on $15300 sales was received on August
On July 22, Mark sold $23900 of inventory items on credit with the terms 3/15, net 30. Payment on $15300 sales was received on August 1 and the remaining payment was received on August 12. Assuming Mark uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
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Using Microsoft Excel And Access 20 For Accounting
Authors: Glenn Owen
5th Edition
133751229X, 9781337512299
