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

Question

1 Approved Answer

The entry to record the receipt of payment within the discount period on a sale of $2400 with terms f 2/8, nv/30 will Include a

image text in transcribed
The entry to record the receipt of payment within the discount period on a sale of $2400 with terms f 2/8, nv/30 will Include a credit to Sales Discounts for $48. credit to Sales Revenue for $2400. credit to Accounts Receivable for $2400. debit to Sales Revenue for $2352

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

Auditing IT Infrastructures For Compliance

Auditing IT Infrastructures For Compliance

Authors: Martin Weiss, Michael G. Solomon

2nd Edition

1284090701, 978-1284090703

More Books

Students also viewed these Accounting questions

Question

★★★★★
Why is time an important consideration in international business negotiations?

Answered: 1 week ago

Question

★★★★★
In problem 1-2, evaluate the indicated derivative. 1. f' (3) if f(x) = (x2 + 1/x + 2)3 2. G'(1) if G(t) = (t2 + 9)3 (t2 - 2)4 3. F'(1) if F(t) = sin (t2 + 3t + 1)

Answered: 1 week ago

Question

★★★★★
9, Do all groups socialize their members'! Do ~lll groups need to socialize their membcrs'? Why or why not?

Answered: 1 week ago

Question

★★★★★
Using scapy to hijack a telnet session and insert your own commands. If easier can provide your program with the packet sequence number. Metasploit VM has a Telnet server that can be attacked. Submit...

Answered: 1 week ago

Question

★★★★★
Question 2 The following trial balance has been extracted by the book-keeper of ABC at 30th September 2018 DR CR GH GHE Sales 188,900 Sales returns 1,810 Purchases 79,310 Carriage inwards 2120...

Answered: 1 week ago

Question

★★★★★
A-kg mass is attached to a spring with stiffness 39 N/m. The damping constant for the system 5 m to the left of equilibrium and given an initial leftward 12 is 4 N-sec/m. If the mass is moved 13...

Answered: 1 week ago

Question

★★★★★
An administrative assistant should have the following functionality on behalf of the CEO: Make calls. Retrieve calls. Join active calls. Pick up calls on hold. Which Teams Phone feature can achieve...

Answered: 1 week ago

Question

★★★★★
The Katash Company is a leader in the poultry market. It produces, sells and markets fresh and ice packed commodity chicken and frozen products known for their value and healthful qualities. Katashs...

Answered: 1 week ago

Question

★★★★★
A toggle press is shown with a force F = 300 N applied perpendicular to the toggle arm. Ram CD slides on the smooth vertical bar. Determine the compressive force on E when theta is 60 degrees. -250...

Answered: 1 week ago

Question

★★★★★
The cross-section of an aeroplane elevator is shown below. If the elevator is 2 m long constructed from aluminium alloy with G = 30 GN/m, calculate the total angle of twist of the section and the...

Answered: 1 week ago

Question

★★★★★
Maruti Suzuki Drives Business Growth on a Full Oracle Stack Youtube video: In regards to Business Intelligence effects on Maruti Suzuki, answer the following questions: 1.) What were the business...

Answered: 1 week ago

Question

★★★★★
Understand applicable principles in addressing staff training and development needs

Answered: 1 week ago

Question

★★★★★
Be aware of the potential for fraud and distortion on rsums and applications, and know how to address suspicions concerning such material

Answered: 1 week ago

Question

★★★★★
Be able to outline the essential role of department managers as teachers

Answered: 1 week ago

Previous Question Next Question