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Larry paid 100000 in full on 1252016 how much net sales

Question - The Illini Company offers customers the repayment terms stated as 3/10, n/30. On 1/1/2016, The Illini Company made a sale of $100,000 to Larry on credit. Larry paid 100,000 in full on 1/25/2016. How much net sales should the Illini Company recognize for this transaction?

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Accounting Basics: Larry paid 100000 in full on 1252016 how much net sales

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Accounting Basics: Larry paid 100000 in full on 1252016 how much net sales

Reference No:- TGS02489584

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