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zzz [600]
3 years ago
12

The journal entry to record the receipt of a payment within the discount period on a sale of $900 with terms of 2/10, n/30 will

include a
Business
1 answer:
Triss [41]3 years ago
3 0

Answer and Explanation:

Given that

The Sale is made for $900

Terms 2/10, n/30 that means if the payment is made within 10 days than 2% discount is eligible and the total credit period allowed is 30 days

Now the journal entry to record the receipts of a payment within discount period is

Cash Dr $882

Sales discount $18

            To Account receivable $900

(Being the cash received)

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A(n) ___________ distribution strategy distributes a product through only a preferred group of retailers in a given area. intens
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The answer is selective distribution strategy. This type of distribution strategy focuses more on the products that are distributed are to be given to only specific areas and are only selected by the company or the distributor in which is in lined with the statement given above.

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Through conscious repetition of information, we can encode information for long-term storage. this is known as _____.
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5 0
3 years ago
Rubin Enterprises had the following sales-related transactions on a recent day:
spayn [35]

Answer:

Transaction a

Debit  : Account Receivable $27,500

Credit : Sales Revenue $27,500

Transaction b

Debit  : Cash $5,875

Credit : Deferred Revenue $5,875

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Credit : Account Receivable $1,500

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Explanation:

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8 0
3 years ago
The degree to which complete information is available best describes:
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7 0
3 years ago
Becky only eats out at Macaroni Grill and eats out 3 times per month. She receives a raise fro $31,900 to $33,500 and decided to
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Answer:

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The formula for income elasticity of demand is given as:

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3 years ago
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