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Author Question: Monica's Closet received payment in full for goods sold within the discount period on a $480 sales ... (Read 48 times)

khang

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on: Nov 11, 2019
Monica's Closet received payment in full for goods sold within the discount period on a $480 sales invoice, terms 2/10, n/30. Which entry records this transaction?
◦ Debit Cash; credit Accounts Receivable for $480
◦ Debit Cash for $470.40, debit Sales Discount for $9.60; and credit Sales for $480
◦ Debit Accounts Receivable; credit Sales for $480
◦ Debit Cash for $470.40, debit Sales Discount for $9.60; and credit Accounts Receivable for $480
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
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Marked as best answer by khang on Nov 11, 2019

bimper21

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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khang

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
Excellent

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