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On March 12, 2019, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for OR10,000, subject to terms 2/10, n30. Admiral uses the gross
On March 12, 2019, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for OR10,000, subject to terms 2/10, n30. Admiral uses the gross method of accounting for sales discounts. The journal entry to record receipt of the payment, assuming the correct amount was received on March 20, 2019, is: Select one: Oa. Accounts receivable 10,000 Cash 9,800 b. Cash 9,800 Sales discount 200 Accounts receivable 10,000 c. Accounts receivable 9,800 Sales discount 200 Cash 10,000 d. Cash 10,000 Accounts receivable 10,000
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