Question: please solve the question and perform all steps for upvotes from me and my friends thank you Question 3: Marks-(4+6=10) a) A sales invoice totaling
please solve the question and perform all steps for upvotes from me and my friends thank you
Question 3: Marks-(4+6=10) a) A sales invoice totaling Rs 35,000 and dated January 14 has discount terms of 2/10, n/30. If it is paid January 23 and if paid January 27, what would be the entry to record this transaction? b) Record the following transactions in the cash receipts journal: (Format is given Below) March: 3 Received Rs 6000 from J.Ballin settlement of her account 10 Received Rs 6150 from B. Elder in settlement of his account 14 Cash sales for a 2-week period, Rs 4,400 28 Sold Rs 2000 of office supplies to T.S Company (not a merchandise item) 30 Owner made additional investment, Rs 15,000 30 Cash sales for the last two weeks, Rs 2600 Answer: Account Credit Ac. Rec Cr. Sales Income Cr. Date Cash Dr. OE Cr
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