An item of merchandise was sold with an invoice price of $400 and credit terms of 2/10,
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Question:
An item of merchandise was sold with an invoice price of $400 and credit terms of 2/10, n/30. The entry to record the sale would include a credit to Sales of what amount?
a. $400.00
b. $396.00
c. $408.00
d. $392.00
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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