The entry to record a sale of P1,800 with terms of 2/10, n/30 will include a   a. debit to Sales Discounts for P36. b. debit to Sales Revenue for P1,764. c. credit to Accounts Receivable for P1,800 d. credit to Sales Revenue for P1,800

College Accounting (Book Only): A Career Approach
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Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 2QY: What is the entry to record the cash received on a sale of 500, credit terms 1/15, n/30, if the...
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10.The entry to record a sale of P1,800 with terms of 2/10, n/30 will include a
 
a. debit to Sales Discounts for P36.
b. debit to Sales Revenue for P1,764.
c. credit to Accounts Receivable for P1,800
d. credit to Sales Revenue for P1,800
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