Recent Posts • Latest Topics • Unanswered Questions

Monica's Closet received payment in full within the discount period for goods sold on a $600 sales ...

Fast2F

wrote...

Go to Answer

Posts: 1470

Rep:

7 years ago

Monica's Closet received payment in full within the discount period for goods sold on a $600 sales ...

Monica's Closet received payment in full within the discount period for goods sold on a $600 sales invoice, terms 2/10, n/30. Which entry records this payment?
A) Debit Cash $588, debit Sales Discount $12; credit Sales $600
B) Debit Accounts Receivable $600; credit Sales $600
C) Debit Cash $600; credit Accounts Receivable $600
D) Debit Cash $588, debit Sales Discount $12; credit Accounts Receivable $600

Textbook

College Accounting: A Practical Approach

Edition: 13^th

Author: Slater

Read 117 times

1 Reply

Report

Replies

Answer verified by a subject expert

Augustis

wrote...

Related Topics

Fast2F Author

wrote...

7 years ago

Thanks

sadiewolf

wrote...

Yesterday

Helped a lot

Butwhy

wrote...

2 hours ago

Good timing, thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1280 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

AJAX Chat © blueimp.net Integrated with SMF

Related Images

499

314

187

Your Opinion

Previous poll results: How often do you eat-out per week?

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.