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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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7 years ago
A merchandiser received payment in full within the discount period on a $5,000 sales invoice, terms 2/15 n/30. The journal entry would include a:
A) debit to Cash for $5,000.
B) credit to Accounts Receivable for $5,000.
C) credit to Accounts Receivable for $5,900.
D) credit to Sales Discounts for $100.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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7 years ago
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harra Author
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7 years ago
Smart ... Thanks!
kater28
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This site is awesome
rene_ram97
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Thanks
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