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Alik [6]
3 years ago
6

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise

on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. 1) Debit sales discounts $14 2) Debit cash $686 3) Credit accounts receivables $700
Business
2 answers:
Nutka1998 [239]3 years ago
7 0

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

nov-02 sold 700

terms 2/15 n 30  

                700

Discount            2%

                   14

Net payment  686

Db Cash_____________686

Db Sales discount_______14

Cr Account receivable_______700

SpyIntel [72]3 years ago
6 0

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. 1) Debit sales discounts $14 2) Debit cash $686 3) Credit accounts receivables $700

Journal entry is used for documenting business transactions. It bears topics , comments and debit and credit. the correction are stated below

. 1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

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Answer:

d) may be shorter or longer than monetary policy lags.

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Remember, the term policy lags refers generally to the lag or length of time between the time when an economic problem is discovered, like increased unemployment, and the extent to which policy solves the economic problem.

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The Anti-Federalists wanted to
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The following events apply to Gulf Seafood for the 2018 fiscal year: The company started when it acquired $60,000 cash by issuin
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Answer:

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6 0
3 years ago
Granite Company purchased a machine costing $128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight c
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Answer:

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How can business activity affect the government?
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