Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include aA-debit to Cash for $5,000B-debit to Sales Discounts for $100C-credit to Sales for $4,900D-debit to Accounts Receivable for $4,880
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Home » Business » Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include aA-debit to Cash for $5,000B-debit to Sales Discounts for $100C-credit to Sales for $4,900D-debit to Accounts