On October 30, goods with a list price of 10,500 are sold, ...

[jc611]

On October 30, goods with a list price of 10,500 are sold, subject to a trade discount of 25 percent with terms of 2/10, n/30 . Payment is received from the customer on November 5 . The amount recorded in the Sales Credit column on October 30 is
 a. 10,500.
   b. 10,290.
   c. 7,875.
   d. 7,717.50.
   e. 2,625.

Question 2

Which one of the following accounts is not found in the General Capital Assets and General Long-Term Liabilities accounts?
 
  a. Bonds Payable
  b. Long-Term Claims and Judgments Payable
  c. Investments
  d. Land

[sabina576]

Answer to Question 1

c

Answer to Question 2

C