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77julia77 [94]
3 years ago
13

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 cu

stomer made the correct payment on November 17. How would Flores record the collection of cash on November 17?
Business
1 answer:
Licemer1 [7]3 years ago
3 0

Explanation:

The journal entry is as follows

On November 17

Cash A/c Dr                   $7,840

Sales Discount A/c Dr $160

                  To Accounts receivable    $8,000

(Being cash received recorded)

The discount would be

= Accounts receivable × percentage given

= $8,000 × 2%

= $160

The remaining amount would be credited to the cash account.            

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Given:
Par value of the bond : 5,000
coupon rate of the bond: 5%

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5,000 x 5% = 250 annual interest

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4 years ago
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2 years ago
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nadezda [96]
I don’t understand this question
5 0
3 years ago
In the _____ way of knowing things, people hold firmly to some belief because some respected official, agency, or source has sai
NeTakaya

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Letter B is correct.<u> Method of authotity.</u>

Explanation:

The method of acquiring knowledge by authority is one of the most widespread ways of obtaining knowledge in society. It is characterized as the implementation and learning of a new idea or belief because some authority figure affirmed a certain concept as true, which ensures greater reliability. and acceptance. As examples of authorities, we can mention: doctors, teachers, bosses, government, parents and others.

But in an ideal scenario it is important to analyze what methods and sources the authority figures have determined for a conclusion about something, one should seek to exercise critical sense to rationalize the beliefs and decisions that are imposed as truth. .

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