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Sara's Jewelry sold 20 necklaces for $30 each to a credit customer. The invoice included a 4% sales tax and payment terms of 2/10, n/30.
Sara's Jewelry sold 20 necklaces for $30 each to a credit customer. The invoice included a 4% sales tax and payment terms of 2/10, n/30. In addition, 5 necklaces were returned prior to payment. The entry to record the original sale would include: (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. a debit to Sales for $600. B. a debit to Sales for $624. C. a debit to Accounts Receivable for $624. D. a debit to Accounts Receivable for $600
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