Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

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1.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

The journal entry to record the sale would include a: a. credit to Sales for $4,900 b. debit to Cash for $5,000 c. debit to Sales Discounts for $100 d.debit to Accounts Receivable Question : 1) Merchandise with a sales price of $5,000 is sold on account with term 2/10, n/30.

2.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a a. debit to Cash for $5,000 b. debit to Customer Refunds Payable for $100 c. credit to Sales for $4,900 d. debit to Accounts Receivable for $4,880

3.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a. a. debit to Cash for $5,000. b. debit to Merchandise Inventory for $100. c. credit to Sales for $4,900. d. debit to Accounts Receivable for $4,880. c. credit to Sales for $4,900.

4.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Transcribed image text: Merchandise with a sales price f s,000 s sold on account with terme 2/10, n/30. The journa enty to record the sale would indlude a 0 credit to Sales for $4,900 debit to Cash for $5,000 O debit to Accounts Receivable for $4,880 debit to Sales Discounts for $100 Prevous Net. Previous question Next question.

5.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. If the customer pays the amount due within the discount period, how much revenue will be earned? Amount of sales = Invoice amount – sales discount = $5,000 – (2% x $5,000) = $5,000 – $100 = $4,900. so net sales = $4,900.

6.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a. credit to Sales for $4,900. Where are selling and administrative expenses found on the multiple-step income statement?

7.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a Credit to Sales for 4,900

8.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a – 17092306

9.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Question # 00349930 Subject Accounting Topic Accounting Tutorials: 1. Question Purchase it. Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a. a.

10.Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include a

Indication “2/10, n/30” (or “2/10 net 30”) on an invoice represents a cash (sales) discount provided by the seller to the buyer for prompt payment. The term 2/10, n/30 is a typical credit term and means the following: “2” shows the discount percentage offered by the seller. “10” indicates the number of days (from the invoice date) within which …

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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP So we’ve talked about the perpetual inventory for some time now. Well, now its time to learn how to journalize certain transactions in this system like purchases, returns, discounts along with shipping costs (Looking at FOB destination and FOB shipping). Merchandise inventory will be …
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