Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction?
A) Debit Accounts Receivable $4,050; debit Sales Discount $50.00; credit Tile Sales $5,000
B) Debit Cash $5,000; credit Tile Sales $5,000
C) Debit Accounts Receivable $4,050; credit Tile Sales $4,050
D) Debit Accounts Receivable $5,000; credit Tile Sales $5,000
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following is not true concerning socializing in the workplace? A. Socializing can keep you from reaching your performance goals. B. Socializing can lead to favoritism and friction in the workplace. C.
Answers (1)
At Auternli, a cosmetics manufacturing company, all major decisions, such as production, marketing, and financial decisions, are made only by the top management.
Answers (1)
The do-it-yourselfer plucked a gallon can of base paint from the shelf of the local hardware store and handed it to keith, the cheerful clerk at the paint counter.
Answers (1)
Bill's tendency to consider evidence that supports his position on illegal immigration, but disregards evidence that refutes his beliefs. b.
Answers (1)
A patent is an exclusive right to produce and sell a product for how long
Answers (1)
New Questions in Business
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Mccoo Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.50 per direct labor-hour.
Answers (1)
Which of the following is true of Finished Goods Inventory? A. Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold. B.
Answers (1)