Merchandise with a sale price of 7000 is sold on account, Financial Accounting

+44 141 628 6080
[email protected]

Merchandise with a sale price of 7000 is sold on account

Merchandise with a sale price of $7,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a

A. Debit to Sales Discount for $140

B. Debit to Accounts Receivable for $6,860

C. Credit to Sales for $7,000

D. Debit to cash for $7,000

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: Merchandise with a sale price of 7000 is sold on account

Reference No:- TGS01008156

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What are the calculated rbc indices

A patient has a RBC count of 4.7 X 1012/L, hemoglobin of 110 g/L (11.0 g/dL), and hematocrit of 35.0%. What are the calculated RBC indices

Male who is developing an acute myocardial infarction

A 53-year-old male who is developing an acute myocardial infarction from coronary occlusion has an irreversible injury to the myocardium when

Discuss -healthcare staff and patients in a hospital setting

The impact of mechanical devices for lifting and transferring of patients on low back pain and musculoskeletal injuries in health care personnel-A systematic

Discussion about female who had a cerebral infarction

A 59-year-old female had a cerebral infarction. Months later, a computed tomographic (CT) scan shows a cystic area filled with clear yellow fluid

Provide a brief description of the patient care technology

Introduction: Provide a brief description of the patient care technology/system you have chosen.

How soap note captures several important elements of ty case

Problem: The SOAP note captures several important elements of Ty's case but also leaves room for improvement.

Problem about post-emergency open fracture femur reduction

A 14-year-old, 18 hours post-emergency open fracture femur reduction is observed crying as the bedside shift report is being conducted

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: Merchandise with a sale price of 7000 is sold on account

Reference No:- TGS01008156

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Accounting

Q : The chief executive officer of richards corp attended a

Q : Determine how capital budgeting is used in long-term

Q : The management of the auto parts division of the santana

Q : Fillip corporation makes 4800 units of part u13 each year

Q : Merchandise with a sale price of 7000 is sold on account

Q : For the account rent revenue of a merchandising business

Q : What is the influence of geography for

Q : Analyze the use of gestures in ipads address how users feel

Q : Is there a best way to implement lean and are all