Question

Use the information from BE7-8, assuming Yoshi Corp. uses the net method to account for cash discounts.
Prepare the required journal entries for Yoshi Corp.
In BE7-8
Yoshi Corp. uses the gross method to record sales made on credit. On June 1, the company made sales of $45,000 with terms 1/15, n/45. On June 12, Yoshi received full payment for the June I sale. Prepare the required journal entries for Yoshi Corp.


$1.99
Sales0
Views41
Comments0
  • CreatedSeptember 18, 2015
  • Files Included
Post your question
5000