The entry to record a sale of P7,500 with terms of 2/10, n/30 would include a. Debit to sales for P7,350 b. Debit to sales Discount for P150 c. Credit to Accounts Receivable for P7,500 d. Credit to sales for P7,500
The entry to record a sale of P7,500 with terms of 2/10, n/30 would include a. Debit to sales for P7,350 b. Debit to sales Discount for P150 c. Credit to Accounts Receivable for P7,500 d. Credit to sales for P7,500
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 11E: The debits and credits for four related entries for a sale of 15,000, terms 1/10, n/30, are...
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The entry to record a sale of P7,500 with terms of 2/10, n/30 would include
a. Debit to sales for P7,350
b. Debit to sales Discount for P150
c. Credit to Accounts Receivable for P7,500
d. Credit to sales for P7,500
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