A seller uses a perpetual inventory system and on April 4 it sells $5,000 in merchandise...

 

Transcribed Image Text:

A seller uses a perpetual inventory system and on April 4 it sells $5,000 in merchandise to a customer on credit terms of 3/10, n/30. On April 13, the seller receives payment from the customer. Complete the seller's April 13 journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. No 1 Date April 13 Cash Sales discounts Accounts receivable Answer is not complete. General Journal Debit Credit 4,850 150 5,000 A seller uses a perpetual inventory system and on April 4 it sells $5,000 in merchandise to a customer on credit terms of 3/10, n/30. On April 13, the seller receives payment from the customer. Complete the seller's April 13 journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. No 1 Date April 13 Cash Sales discounts Accounts receivable Answer is not complete. General Journal Debit Credit 4,850 150 5,000

Answer rating: 100% (QA)

The completed journal entry for the sellers transaction on April 13 is as f... View the full answer