This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On June 1 Maligator Outfitters sold merchandise for $740 on account to S&S, Inc. with terms 4/15, ... (Read 1957 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Feb 18, 2020
On June 1 Maligator Outfitters sold merchandise for $740 on account to S&S, Inc. with terms 4/15, n/30. S&S paid the invoice on June 20. Assuming Maligator uses the net method to record sales, what would the journal entry to record payment include? (Round the final answer to the nearest dollar.)
◦ A credit to Accounts Receivable — S&S for $740
◦ A credit to Sales Revenue for $30
◦ A debit to Cash for $710
◦ A debit to Discount Lost for $30
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sabina on Feb 18, 2020

johnharpe

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Feb 18, 2020
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.
Answer Preview
Only 59% of students answer this correctly


Jaice Monroe

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Mar 21, 2020
thank you


Courtney Holguin

  • Newbie
  • *
  • Posts: 3
Reply #3 on: Apr 1, 2020
Thank you


Duwan Franklin

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Apr 3, 2020
thank you


Lucas Lacy

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Sep 19, 2020
thank you


Kayla Phalen

  • Newbie
  • *
  • Posts: 2
Reply #6 on: Sep 26, 2020
Thank you


fbkjojo

  • Newbie
  • *
  • Posts: 1
Reply #7 on: Jul 9, 2021
thank you


Michael Batchelor

  • Newbie
  • *
  • Posts: 1
Reply #8 on: Sep 24, 2022
Thank you


« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Rabbit meat sold commercially Rabbit meat sold commercially
Cane toad merchandise Cane toad merchandise
“Ich bin ein Berliner” (I am a Berliner), Kennedy declared from a balcony in West Berlin in June ... “Ich bin ein Berliner” (I am a Berliner), Kennedy declared from a balcony in West Berlin in June ...
How to combine like-terms in expressions containing multi-brackets How to combine like-terms in expressions containing multi-brackets
14 June 2023 14 June 2023
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Acids and bases - definition

For a complete list of videos, visit our video library