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On November 10, Seven Company sold $10,000 of merchandise on account on terms 2/10,n/30. Assume Seven Company uses the net method to account for sales
On November 10, Seven Company sold $10,000 of merchandise on account on terms 2/10,n/30.
Assume Seven Company uses the net method to account for sales discounts. The correct journal entry to record the sale on November 10 would include... (Ignore cost of goods sold and inventory effects.)
Group of answer choices
a. A debit to accounts receivable for $10,000
b. A debit to sales discounts for $200
c. A debit to accounts receivable for $9,800
d. A credit to allowance for sales discounts for $200
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