Claire provide $100 of services to customers on account with terms 2/10, n/30. The Service Revenue account is credited for $100. If the customer pays within 10 days, Claire will record which of the following? Debit Sales Discount $2Debit Cash $98Credit Account Receivable $1005.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Claire provide $100 of services to customers on account with terms 2/10, n/30. The Service Revenue account is credited for $100. If the ...” 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
During 2014, Comstock Company entered into the following transactions. 1. Purchased equipment for $286,176 cash. 2. Issued common stock to investors for $137,590 cash. 3. Purchased inventory of $68,480 on account.
Answers (1)
The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid by the treasury. round dollar amounts to the nearest cent and interest rates to the nearest thousandth.
Answers (1)
Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full amount of the deposit increase that is allowed. This amount winds up deposited in Bank B.
Answers (1)
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 3/10, n/30. Alison uses the net method to record purchases.
Answers (1)
Refer to table 16-2. what is the concentration ratio for industry j?
Answers (1)
New Questions in Business
In a payday loan, what happens at the date of loan maturity?
Answers (1)
Mccloud company wants to avoid being unable to compare job candidates' qualifications after an interview because the applicants were asked different questions. giving what type of interview might eliminate this problem?
Answers (1)
Suppose that the quantity of chain saws sold increased from 200 to 400 when the price fell from $225 to $175. Over this price range, the absolute value of the price elasticity of demand for chain saws isa. 0.25. b. 0.375. c. 1.0. d. 2.67. e. 4.0.
Answers (1)
The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $1,000 on hand.
Answers (1)
Freya Co. has two patents that have allegedly been infringed by competitors. After investigation, legal counsel informed Freya that it had a weak case for Patent A34 and a strong case in regard to Patent B19.
Answers (1)