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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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Posts: 1455
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7 years ago
Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. Terms of the sale were 2/10, n/30. Which entry is required to record this?
A) Debit Cash, $936; credit Sales, $936
B) Debit Cash, $936; debit Sales Discount $18; credit Accounts Receivable, $954
C) Debit Cash, $954; credit Sales, $954
D) Debit Cash, $900; credit Sales, $900
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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7 years ago
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majestico Author
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#2
7 years ago
Yeah, makes a lot more sense. Appreciate this quite a lot
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#3
6 years ago
Happy to help Slight Smile
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