Dora's Blankets and Bedding had a sale of $600 to a charge customer, terms 2/15, n/30....
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Dora's Blankets and Bedding had a sale of $600 to a charge customer, terms 2/15, n/30. Dora should record this transaction as follows: (Round intermediary calculations to the nearest cent and final answers to the whole dollar.) Choose correct answer/s A debit Accounts Receivable $600; credit Sales $600. B debit Cash $600; credit Sales $600. C debit Accounts Receivable $588; debit Sales Discounts $12; credit Sales $600. D debit Sales $600; credit Accounts Receivable $600. Dora's Blankets and Bedding had a sale of $600 to a charge customer, terms 2/15, n/30. Dora should record this transaction as follows: (Round intermediary calculations to the nearest cent and final answers to the whole dollar.) Choose correct answer/s A debit Accounts Receivable $600; credit Sales $600. B debit Cash $600; credit Sales $600. C debit Accounts Receivable $588; debit Sales Discounts $12; credit Sales $600. D debit Sales $600; credit Accounts Receivable $600.
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Answer rating: 100% (QA)
Answer C debit Accounts Receivable 588 debit Sales Discounts 12 credit Sales 600 The correct ... View the full answer
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
Posted Date:
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