mizzbeauty0702 mizzbeauty0702

16-12-2019
Mathematics

contestada

AG Inc. made a $15,000 sale on account with the following terms: 1/15, n/30. If the
company uses the gross method to record sales made on credit, what is/are the
debit(s) in the journal entry to record the sale?

Respuesta :

iaminevitble iaminevitble

16-12-2019

Answer:

$14,850

Net Method - report at net; as if taking discount 1% discount. [15000 - (15000*.010]

Inventory/Purchases 14,850

Accounts Payable 14,850

Answer Link

miamarie75mm miamarie75mm

16-12-2019

The Answer is

14,850

Answer Link

Otras preguntas

6. the price of an item with a 15% discount

When graphing any equation what is a great fall back plan if you can't remember the learned procedure? (on all kinds of equations - some with x squared, x cubed

Al saves pennies. He agreed to give six thirteenths of his pennies to Bev if she would give six thirteenths of what she got from Al to Carl and if Carl in turn

A tennis ball is thrown with a downward velocity of 2.00m/s off a cliff. It takes 6.10 seconds for it to hit the ground. How tall is the cliff?

Please help!! During a storm, an island reptile is transplanted to the mainland. Which description predicts the most likely outcome for the island reptile? A. T

The prefix Eu in Eukaryote refers to...

Please help me! Thx if you do

In some climates, cleaning the ice off the windshield of a car is a common chore on winter mornings. When the temperature falls below the dew-point temperature,

A box contains 10 red , 3 blue, and 7 white balls , two balls are drawn at random from the box on after the other without replacement. What is the probability

On May 10, Monty Corp. issues 1,900 shares of $4 par value common stock for cash at $13 per share. Journalize the issuance of the stock. (Credit account titles