Austin Sound sold inventory for $300,000, terms 2/10, n/30. Cost of goods sold was $152,000. How much

Question:

Austin Sound sold inventory for $300,000, terms 2/10, n/30. Cost of goods sold was $152,000. How much sales revenue will Austin Sound report from the sale?

a. $152,000

b. $294,000

c. $148,960

d. $300,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

Question Posted: