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Rockhill Industries received payment after the expiration of the discount period from a customer who had purchased merchandise on account. The sales invoice was for
Rockhill Industries received payment after the expiration of the discount period from a customer who had purchased merchandise on account. The sales invoice was for $3,000, and credit terms were 3/15 n/30 The cost of the merchandise was $1,800. In the cash receipts journal, OA. $3,000 will appear in the accounts receivable debit column OB. $90 will appear in the sales discounts debit column OC. $3,000 will appear in the accounts receivable credit column O D. $3,000 will appear in the sales revenue credit column A
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