Homework Clinic

Social Science Clinic => Accounting => Topic started by: leilurhhh on Feb 18, 2020

Title: Sassarina Soap Company sold merchandise for $430 on account to Syrio Snow; the terms were 1/10, ...
Post by: leilurhhh on Feb 18, 2020

Sassarina Soap Company sold merchandise for $430 on account to Syrio Snow; the terms were 1/10, n/30. Sassarina uses the net method to account for sales, and the cost for the merchandise was $172. The journal entry would include a: (Round the final answer to the nearest dollar.)
◦ credit to Sales - $426
◦ credit to Cost of Goods Sold - $172
◦ debit to Accounts Receivable — Syrio Snow $430
◦ debit to Cash - $258

Title: Sassarina Soap Company sold merchandise for $430 on account to Syrio Snow; the terms were 1/10, ...
Post by: leahchrapun on Feb 18, 2020

credit to Sales - $426

Title: Re: Sassarina Soap Company sold merchandise for $430 on account to Syrio Snow; the terms were 1/10,
Post by: obeg on Mar 11, 2021

Thank You

Title: Re: Sassarina Soap Company sold merchandise for $430 on account to Syrio Snow; the terms were 1/10,
Post by: jameslogan on Mar 6, 2023

thank you