Business, 25.03.2021 22:20 ewalchloe5067920
Using the gross method of recording sales discounts, customers with outstanding accounts receivable balances on December 31, 20Y7, will pay their balances in 20Y8. Assume that Calvin Hobbs pays his December 31, 20Y7 account receivable of $8,000 on January 8, 20Y8, and takes a 2/10 sales discount. The payment should be recorded as follows:
a. a debit of $7,840 to Cash, a debit of $160 to Allowance for Sales Discounts, and a credit of $8,000 to Accounts Receivable Calvin Hobbs
b. a credit of $8,000 Cash, a credit of $160 to Allowance for Sales Discounts, and a debit of $8,160 to Accounts Receivable-Calvin Hobbs
c. a debit of $8,000 to cash and a credit of $8,000 to Accounts Receivable-Calvin Hobbs
d. a debit of $7,840 to Cash, a debit of $160 to Sales, and a credit of $8,000 to Accounts Receivable-Calvin Hobbs.
Answers: 1
Business, 22.06.2019 07:20
Suppose that real interest rates increase across europe. this development will u.s. net capital outflow at all u.s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.
Answers: 1
Business, 22.06.2019 12:00
Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog
Answers: 2
Business, 22.06.2019 17:30
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
Business, 23.06.2019 03:00
What are the weak points of economic costs that are part of a free enterprise economy?
Answers: 1
Using the gross method of recording sales discounts, customers with outstanding accounts receivable...
Mathematics, 17.12.2020 05:30
Chemistry, 17.12.2020 05:30
Geography, 17.12.2020 05:30
Mathematics, 17.12.2020 05:30
Mathematics, 17.12.2020 05:40
Mathematics, 17.12.2020 05:40
Mathematics, 17.12.2020 05:40
World Languages, 17.12.2020 05:40
Physics, 17.12.2020 05:40
Mathematics, 17.12.2020 05:40
History, 17.12.2020 05:40
English, 17.12.2020 05:40