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

Question

1 Approved Answer

The entry to record a sale of $2400 with terms of 2/10,n/30 will include a credit to Accounts Receivable for $2400. O credit to Sales

image text in transcribed
The entry to record a sale of $2400 with terms of 2/10,n/30 will include a credit to Accounts Receivable for $2400. O credit to Sales Discounts for $48. O debit to Cash for $2352. O credit to Sales Revenue for $2400

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

Internal Control A Managers Journey

Internal Control A Managers Journey

Authors: K. H. Spencer Pickett

1st Edition

0471402508, 978-0471402503

More Books

Students also viewed these Accounting questions

Question

★★★★★
(a) Twelve equal charges, q, are situated at the corners of a regular 12-sided polygon (for instance, one on each numeral of a clock face). What is the net force on a test charge Q at the center? (b)...

Answered: 1 week ago

Question

★★★★★
Genes come in different versions, called alleles. The alleles we inherit from our parents can influence our physical attributes (e.g., eye and hair color) as well as our risk for developing certain...

Answered: 1 week ago

Question

★★★★★
1. Map Crayola's five pillars of operational leadership to the competitive priorities in Table 1.3. 2. Create an assessment of Crayola's competitive priorities as it relates to their Asian expansion...

Answered: 1 week ago

Question

★★★★★
Date: 15 JAN 2015 12:15:49 + 0000 From: "Darlene Wardlaw" Subject: Materiality for Apollo Shoes Engagement You need to prepare a memo (GA-5) addressing materiality for Apollo Shoes. Remember that the...

Answered: 1 week ago

Question

★★★★★
Draw the following project schedule Task Aduration 10 days Task Bduration 5 days, the predecessor is task A Task C duration 8 days, the predecessor is task A TaskD duration 15 days, the predecessor...

Answered: 1 week ago

Question

★★★★★
During July, the following are given: Standard unit price 12.50 Standard Quantity Allowed for actual production 6,300 units Actual unit purchase price Quantity purchased and used for production...

Answered: 1 week ago

Question

★★★★★
An RFP is used for what type of procurement? Give an advantage and a disadvantage of the RFP process

Answered: 1 week ago

Question

★★★★★
You are the area manager of several starbucks and you make all of the decisions regarding land, building, and equipment. Additionally you are responsible for all of the profits of the starbucks in...

Answered: 1 week ago

Question

★★★★★
Question 26 2 Points Dalal faces a reoccurring situation every month, introducing a new product. Accordingly, she created a complex integration mechanism, a permanent committee responsible for...

Answered: 1 week ago

Question

★★★★★
An electronics company headquartered in India, manufacturer & supplier of semiconductor chips to automobile companies across Europe, US and Asia- the Pacific. Looking at the product market demand...

Answered: 1 week ago

Question

★★★★★
Explain basic guidelines for effective multicultural communication.

Answered: 1 week ago

Question

★★★★★
Identify communication barriers and describe ways to remove them.

Answered: 1 week ago

Question

★★★★★
Explain the communication process.

Answered: 1 week ago

Previous Question Next Question