The list price in Boyton's catalog indicates that Product A sells for $3,000, with a trade discount of 5%. Boyton sells the goods to a customer who qualifies for the trade discount. At what amount should Boyton record the sale and related account receivable?

The entry must be:

Dr Trade Receivable (3000 - 5%)      $2850

Cr                      Sale Accrued                         $2850

Explanation:

The standard says that the entry must be made with the amount price minus trade discount.

Sales Amount = Sales revenue - Trade Discount = $3000 - 5% = $2850

So this is the amount that we will receive and must be recorded as revenue and receivable. So the entry would be:

Dr Trade Receivable (3000 - 5%)      $2850

Cr                      Sale Accrued                         $2850

B) $2,850

Explanation:

Since the 5% discount is directly offered to the customer, then the sale should be recorded at its net value = $3,000 x (1 - 5%) = $2,850

The journal entry to record the sale should be:

Dr Accounts receivable 2,850

    Cr Sales revenue 2,850

Generally when companies offer discounts for early payments (e.g. 5/10, N/30), the discounts are not recorded at the moment of the sale, but only once the invoice is actually paid.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

b.

c.

d.

g.

those r all of them i believe