Question

Sue's Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10, n/30. Five necklaces were returned prior to payment. The entry to record the original sale would include a debit to

Answer 1

Answer:

The right answer for the question that is being asked and shown above is that: " B. Accounts Receivable for $500." Sue’s Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10, n/30. Five necklaces were returned prior to payment. The entry to record the original sale would include a debit to accounts Receivable for $500. 

"Accounts Receivable for $530. B. Accounts Receivable for $500. C. Sales for $530. D. Sales for $500."

I think you missing this in your question but this is the answer