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Arlecino [84]
3 years ago
10

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 A. Accounts Receivable for $530. B. Accounts Receivable for $500. C. Sales for $530. D. Sales for $500.
Business
1 answer:
tiny-mole [99]3 years ago
4 0

I took the test. The answer is A. Accounts Receivable for $530.

Brainliest please?

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Answer:

$205,000

Explanation:

Total liabilities=current liabilities+long-term liabilities

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total liabilities=$370,000

total owners'equity plus liabilities=$320,000+$370,000=$690,000

long-term assets+current assets=liabilities+owners'equity

long-term assets=$485,000

current assets are unknown

liabilities+owners'equity=$690,000

let CA represent current assets

$485,000+CA=$690,000

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CA=$205,000

3 0
2 years ago
Columbia Products produced and sold 1,200 units of the company’s only product in March. You have collected the following informa
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Dominik [7]

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Answer:

True

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3 0
3 years ago
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