d. cash 12. The entry to record the sale of merchandise for cash includes a: a. debit to accounts receivable b. credit to sales discounts C. debit to sales revenue d. credit to sales revenue 13. A merchandiser received payment in full within the discount period on a P2,000 sales invoice, terms 2/15, n/30. The journal entry would include a: debit to cash for P2,000 credit to accounts receivable for P2,000 credit to accounts receivable for P2,040 d. a. b. C. credit to sales discounts for P40
d. cash 12. The entry to record the sale of merchandise for cash includes a: a. debit to accounts receivable b. credit to sales discounts C. debit to sales revenue d. credit to sales revenue 13. A merchandiser received payment in full within the discount period on a P2,000 sales invoice, terms 2/15, n/30. The journal entry would include a: debit to cash for P2,000 credit to accounts receivable for P2,000 credit to accounts receivable for P2,040 d. a. b. C. credit to sales discounts for P40
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...
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