Answer:
b. $588
Explanation:
Terms 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
When Larson Company sold merchandise, the following entry was made to recording revenue (sales) and the receivable:
Debit Receivable Account $1,000
Credit Revenue $1,000
On July 20 Stuart Co. returns merchandise, the entry is made to record the decreasing of Receivable Account:
Debit Revenue $400
Credit Receivable Account $400
The balance Receivable Account of Stuart Co. = $1000-$400 = $600
On July 24, Stuart Co. makes the payment, the sales discount was:
$600 x 2% = $12
The amount of cash received = $600-$12=$588
The following entry is made:
Debit Cash: $588
Debit Sales discount: $12
Credit Receivable Account $600
Answer:
The primary advantage they refer to is additional sales revenue.
Explanation:
Extending credit to customers is generally done through use of credit cards these days. This does allow the customers to buy goods and services on credit and pay later for those goods.
Offering credit is beneficial for both the shopkeepers or merchants and the buyers. Customers do not have to pay cash (as they can run out of cash at times), so they buy more and this increases the sales revenue for the merchants, which becomes the primary advantage for them and outweighs the costs.
There are five different methods to begin a statement with unfavorable news, but the most appropriate one is to use a buffer statement.
<h3>What are the statements?</h3>
Statements are sentences that can either be true or untrue. As a result, a statement is a claim that something is true or false.
The Four Types of English Sentences:
- the sentence that makes a message (a statement)
- interrogative phrase (question)
- the sentence that must be completed (command)
- exclamatory phrase (exclamation)
As a result, in the following scenario, you should utilize the buffer statement to open any unfavorable news.
Learn more about the statement:
brainly.com/question/17238106
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