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The Geo Company sold merchandise on account $35,000 with terms 2/10, n/30. The cost of merchandise sold was $27,600. Which of the following journal entries
The Geo Company sold merchandise on account $35,000 with terms 2/10, n/30. The cost of merchandise sold was $27,600. Which of the following journal entries will be recorded for the sale of the merchandise? a. Accounts Receivable 35,000 Sales Discount 700 Sales 34,300 b. Cash 35,000 Sales 35,000 c. Cash 34,300 Sales Discount 700 Sales 35,000 d. Accounts Receivable 35,000 Sales 35,000
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