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On March 12, 2016, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $11,100, subject to terms 3/10, n/30. Admiral uses the gross
On March 12, 2016, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $11,100, subject to terms 3/10, n/30. Admiral uses the gross method of accounting for sales discounts. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required 1.Prepare the journal entry to record the sale. view transaction list view general journal Journal Entry Worksheet Record the sale. Transcation General Journal Debit Credit *Enter debits before credits done clear entry record entry
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