FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q 4 Darko Inc. made a $10000 sale on account with terms: of 1/15, n/30. If the company uses the most- ikely-amount (gross) method, which

image text in transcribed
Q 4 Darko Inc. made a $10000 sale on account with terms: of 1/15, n/30. If the company uses the most- ikely-amount (gross) method, which of the following will be included in the journal entry to record the sale on account? Select one: 0 a. Credit Sales Revenue $9,900 O b. debit Sales Discount $100 O c. credit Sales Revenue $10,000 O d. debit Cash $10,000 O e. None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mind Mapping Improve Memory Concentration Communication Organization Creativity And Time Management

Mind Mapping Improve Memory Concentration Communication Organization Creativity And Time Management

Authors: Kam Knight

1st Edition

1544840705, 978-1544840703

More Books

Students also viewed these Accounting questions

Question

★★★★★
Benzenesulfonic acid is a monoprotic acid with pKa = 2.25. Calculate the pH of a buffer composed of 0.150 Mbenzenesulfonic acid and 0.125 M sodium benzenesulfonate.

Answered: 1 week ago

Question

★★★★★
l differentiate between federal and state labor standards and labor contracts

Answered: 1 week ago

Question

★★★★★
6. Do you think self-talk can really increase self-confidence and performance? Explain and defend your answer.

Answered: 1 week ago

Question

★★★★★
Using the formula for productivity, (outputs)/(inputs), what are all the ways that productivity can be increased?

Answered: 1 week ago

Question

★★★★★
5.3-8. Sizing a Flow Nozzle. A flow nozzle is to be sized for use in a pipe having an internal diameter of 1.25 in. to meter 0.60ft3/min of water at 25C. A pressure drop of 10.0 in. of water is to be...

Answered: 1 week ago

Question

★★★★★
What is the total PRESENT value of $ 6 0 received in one year, $ 1 8 0 received in two years, and $ 1 1 0 received in five years if the discount rate is 5 . 7 5 % ? $ 3 1 9 . 8 7 $ 3 5 9 . 4 0 $ 3 8...

Answered: 1 week ago

Question

★★★★★
The performance of a technical device is described by m quality measures fj: R" R, j = 1, ..., m. The smaller their values the better the performance is. The requirements of technical feasibility...

Answered: 1 week ago

Question

★★★★★
(1) Evaluate the sums and products below for a few small values of n. Then make a conjecture about the value of the sum and product for all positive integers n, and prove your conjecture by...

Answered: 1 week ago

Question

★★★★★
In the two debugging exercises below can someone point out to me where errors are and what Correct coding is to fix the errors. // Program asks students for score on test and displays corresponding...

Answered: 1 week ago

Question

★★★★★
1. Oliver, Patrick & Quincy LLP, is beginning liquidation. It has no cash, total liabilities of P60,000 including a P10,000 loan payable to Patrick, and equal partners' capital account balances of...

Answered: 1 week ago

Question

★★★★★
Jump to level 1 A multimedia application allows users to create and edit their own songs and videos The customer owns the servers used in customer facilities. Which layers are managed by the...

Answered: 1 week ago

Question

★★★★★
Calculate the yield rate for each recruitment source (based on the number interviewed relative to the number of qualified applicants): (a) employee referrals, (b) job fairs, and (c) job Web sites....

Answered: 1 week ago

Question

★★★★★
What types of questions would make up a behavioral interview?

Answered: 1 week ago

Question

★★★★★
What are the basic characteristics of a properly designed selection test?

Answered: 1 week ago

Previous Question Next Question