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Zebco Distributors sells on credit terms of 2%/10/net 30. It recently collected payment on $1,000,000 of invoices paid within the discount period. Match the appropriate
Zebco Distributors sells on credit terms of 2%/10/net 30. It recently collected payment on $1,000,000 of invoices paid within the discount period. Match the appropriate values with the account into which those values are entered.
1. accounts payable
2. accounts receivable
3. cash
4. discounts, reutrns, allowances
5. inventory
6. cost of goods sold
7. revenue
8. net income
match the option 1-8 with the options below
a. $0.00
b. $0.00
c. $980,000
d. $20,000
e. $0.00
f. $1,000,000
g. $0.00
h. $0.00
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