Question
There were no sale discounts taken Bolton sold a customer service contract with a price of $41,000 to Sammy's Wholesale Company. Bolton offered terms of
There were no sale discounts taken
Bolton sold a customer service contract with a price of $41,000 to Sammy's Wholesale Company. Bolton offered terms of 1/10, n/30 and expects Sammy to pay within the discount period.
Prepare the journal entry assuming the payment is made after 10 days (after the discount period). If an amount box does not require an entry, leave it blank.
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Forensic Accounting And Fraud Investigation For Non-Experts
Authors: Stephen Pedneault, Frank Rudewicz, Howard Silverstone, Michael Sheetz
3rd Edition
0470879599, 9780470879597
