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On September 1, Badd Management Consulting made a $5,000 sale to a customer with terms of 2/10,n30. Badd uses the net method to account for
On September 1, Badd Management Consulting made a $5,000 sale to a customer with terms of 2/10,n30. Badd uses the net method to account for credit sales. 13. Refer to Badd Management Consulting. If the customer pays on September 6, the journal entry to record the payment will include a. A debit to Cash of $4,900. b. A credit to Accounts Receivable of $5,000. c. A credit to Service Revenue of $100. d. None of the above. 14. Refer to Badd Management Consulting. If the customer pays on September 17, the journal entry to record payment will include a. A debit to Cash of $4,900 b. A credit to Accounts Receivable of $5,000 c. A credit to Service Revenue (or Sales Discounts Forfeited) of $100. d. None of the above
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