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Puzzle Company sold merchandise on credit with a list price of $75,000. Terms were 3/10, n/30. Which of the following entries correctly applies the indicated
Puzzle Company sold merchandise on credit with a list price of $75,000. Terms were 3/10, n/30. Which of the following entries correctly applies the indicated method to record the sale?
| Net Price Method | |||
| Accounts Receivable | 75,000 | ||
| Sales | 75,000 | ||
| Gross Price Method | |||
| Accounts Receivable | 72,000 | ||
| Sales | 72,000 | ||
| Net Price Method | |||
| Accounts Receivable | 72,750 | ||
| Sales | 72,750 | ||
| Gross Price Method | |||
| Accounts Receivable | 72,750 | ||
| Sales | 72,750 | ||
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How To Audit ISO 9001 2015 A Handbook For Auditors
Authors: Chad Kymal
1st Edition
087389927X, 978-0873899277
