Question
On November 10 of the current year, Flores Mills sold carpet to a customer for $7,600 with credit terms 1/10, n/30. Flores uses the gross
On November 10 of the current year, Flores Mills sold carpet to a customer for $7,600 with credit terms 1/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 10?
Multiple Choice
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Accounts receivable 7,524 Sales discounts 76 Sales 7,600 -
Accounts receivable 7,600 Sales discounts 76 Sales 7,524 -
Accounts receivable 7,524 Sales 7,524 -
Accounts receivable 7,600 Sales 7,600
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Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management
Authors: Pawan Handa, Jean Pagani, Denise Bedford
1st Edition
1789737745, 978-1789737745
