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5 October, 02:47

Suppose that jerry and co. grants terms of 2/10, n/30 related to a sale on june 5 and on june 12 the customer pays the remaining $250 bill. jerry and co. would record the receipt of the payment as

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  1. 5 October, 02:59
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    If jerry and co. grants terms of 2/10, n/30 related to a sale

    the customer pays the remaining $250 bill

    Jerry and co. would record the receipt of the payment as;

    Cash 240

    Sales Discounts 10

    Accounts Receivable 250
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