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Other Fields Homework Help Accounting Topic started by: gOOvER on Sep 19, 2017



Title: Eastern Outfitters sold $2,500 of inventory to a customer on account, terms 3/15 n/40. Freight terms ...
Post by: gOOvER on Sep 19, 2017
Eastern Outfitters sold $2,500 of inventory to a customer on account, terms 3/15 n/40. Freight terms were FOB shipping point and freight charges totalled $150. The entry to record the sale would include a:
A) credit to Accounts Receivable for $2,350.
B) debit to Sales Revenue for $2,500.
C) credit to Sales Revenue for $2,500.
D) debit Accounts Receivable for $2,650.


Title: Re: Eastern Outfitters sold $2,500 of inventory to a customer on account, terms 3/15 n/40. Freight ...
Post by: Kryzen on Sep 19, 2017
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Title: Re: Eastern Outfitters sold $2,500 of inventory to a customer on account, terms 3/15 n/40. Freight terms ...
Post by: gOOvER on Aug 6, 2018
Your help has been outstanding, keep it up!