Lynx Inc. sells apparel merchandise to Dyson Inc. at a gross sales price of $350, credit terms 2/10, n/30 on July 10, 2020. Dyson pays for the merchandise in full on July 19, 2020. Record the entries required on July 10, 2020, and July 19, 2020, for Lynx Inc. assuming the use of the net method in accounting for credit sales. Omit the cost of goods sold entry.

Note: Round your answers to the nearest whole number.

Date	Account Name	Dr.	Cr.
July 10	?	?	?
	?	?	?
July 19	?	?	?
	?	?	?

Answer rating: 100% (QA)

Answer Entries in the books of Lynx Inc Date Accont Name Dr Cr July 102020 Dyson Inc A... View the full answer