On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with
Question:
What is the correct entry for Flores on November 10? How did you get the answer.
A.) Accounts receivable...........................7,840
Sales..................................................7,840
B.) Accounts receivable...........................8,000
Sales..................................................8,000
C.) Accounts receivable...........................7,840
Cash discounts.......................................160
Sales.................................................8,000
D.) Accounts receivable...........................8,000
Cash discounts.......................................160
Sales.................................................7,840
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Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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