Question
Question Content Area Merchandise with a sales price of $4,000 is sold on account with terms 2/10, n/30. The entry to journalize the sale under
Question Content Area
Merchandise with a sales price of $4,000 is sold on account with terms 2/10, n/30. The entry to journalize the sale under the net method would include a
a.debit to Customer Refunds Payable for $80
b.debit to Cash for $4,000
c.debit to Accounts Receivable for $4,000
d.credit to Sales for $3,920
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Financial Accounting An Introduction
Authors: Jacqui Kew, Alex Watson
4th Edition
0199046484, 978-0199046485
