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We want your input! Click here to submit your course evaluation of A company sold goods to B company on credit on 21 May 2020
We want your input! Click here to submit your course evaluation of A company sold goods to B company on credit on 21 May 2020 for 54,000 on terms 37; 1/30. The AR (B) paid on 23 May 2020. The journal entry on 21 May 2020 should show a) Debit Cash $4,000 Credit AR (B) $4,000 b) Debit Cash $3,880 Debit Discount 5120 Credit AR (B) $4,000 Debit AR (B) $4,000 Credit Cash $4,000 d) No journal entry is required
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