A journal entry with a debit to cash of $980, a debit to Sales Discounts of $20, and a credit to Accounts Receivable of $1,000 means that a customer has taken a 10% cash discount for early payment. A) TrueB) False

False

Explanation:

When a company sales on account, accounts receivable becomes debit and sales becomes credit irrespective of perpetual or periodical. If the company sets a term with a discount, and the customer pays the bill within the discount period, the company will receive the money by deducting the discount. To record the transaction, the following journal entry is followed -

Cash                           Debit    

Sales discount           Debit     XX

Accounts receivable Credit                

However, the amount is not correct. Because 10% of $1,000 = $100.

Therefore, cash will be a debit of $900, sales discount will be a debit of $100, and accounts receivable will be a credit of $1,000.

answer; i do believe that the correct answer is (d) referrals from

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported