On January 15 JMiller Enterprises sold $300,000 of merchandise to KCranford Company on account, terms 2/10,...

 

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On January 15 JMiller Enterprises sold $300,000 of merchandise to KCranford Company on account, terms 2/10, n/30. The cost of the merchandise sold was $140,000. When making the journal entry to record this transaction, how much should KCranford Company credit Accounts Payable for? On January 15 JMiller Enterprises sold $300,000 of merchandise to KCranford Company on account, terms 2/10, n/30. The cost of the merchandise sold was $140,000. When making the journal entry to record this transaction, how much should KCranford Company credit Accounts Payable for?

Answer rating: 100% (QA)

SOLUTION JMiller Enterprises sold 300000 of merchandise to KC... View the full answer