Question

QUESTION 4 On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on December 5. How would Flores record the collection of cash on December 5? A. Cash 7,840 Accounts Receivable 7,840 B. Cash 7,840 Sales Discounts 160 Accounts Receivable 8,000 C. Cash 7,840 Sales Revenue 160 Accounts Receivable 8,000 D. Cash 8,000 Accounts Receivable 8,000 Option A Option B Option C Option D

Answer 1

Answer:

D. Cash 8,000 Accounts Receivable 8,000

Explanation: