Answer:
See explanation
Explanation:
If Blossom Company received on December 13 (Assuming perpetual inventory system was used), the journal entry to record the receipt -
Debit Cash $466,970
Debit Sales Discount $9,530
Credit Accounts receivable $476,500
Giving 2% discount to the customer after the sales return and allowances because the customer paid the amount within the terms 2/10, n/30.
As the customer failed to pay on December 13 and paid on January 2, the company did not receive the sales discount. And the following journal entry will be required -
Debit Cash $476,500
Credit Accounts receivable $476,500
After deducting the sales returns, Blossom company will receive the payment.
The transaction was not completed,the boat title be returned to Jim
<h3>What is
transaction ?</h3>
A financial transaction is a contract or communication between a buyer and seller to exchange goods, services, or assets in exchange for money. Any transaction involves a shift in the financial status of two or more businesses or individuals.
The total value of all transactions is divided by the number of transactions or sales to calculate the average transaction value. This can be calculated daily, monthly, or annually. As an example, sales of $200,000 for the year could be generated by ten sales or transactions.
The transaction date is the date on which any financial transaction takes place. The date when ownership changes in any financial transaction occurs on the transaction date.
To know more about transaction follow the link:
brainly.com/question/2034014
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Answer:
European style
Explanation:
everything stands easily on it own on a european style salad.
This software package demonstrates the use of vertical applications software.
As the definition itself says, a vertical application is a type of a software designed to support a particular business. So here, this software was created to help a physician run his business when it comes to medical billing, so it has a specific purpose.