Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. Terms of the sale were 2/10, n/30. Which entry is required to record this payment?
A. Debit Cash $954; credit Sales $954
B. Debit Cash $936; credit Sales $936
C. Debit Cash $936; debit Sales Discount $18; credit Accounts Receivable $954
D. Debit Cash $900; credit Accounts Receivable Sales $900
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. Terms of the sale were 2/10, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Is it possible to have multiple jobs within an occupation
Answers (2)
A two-dimensional table of data sometimes is called a. question 22 options: a. relation. b. group. c. set. d. declaration.
Answers (1)
The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 400 $ 31,000 February 800 $ 37,000 March 1,600 $ 49,000 April 2,400 $ 61,000 Using the high-low method, the
Answers (1)
The VALS framework is a well-known personality assessment. involves applying cognitive learning theory to segments that have low awareness of aproduct. examines the intersection of psychology, demographics, and lifestyles.
Answers (1)
Which of the following accounts may appear on a post-closing trial balance? A. Cash, Salaries Payable, and Retained Earnings B. Cash, Salaries Payable, and Service Revenue C. Cash, Service Revenue, and Salaries Expense D.
Answers (1)
New Questions in Business
Which one of the following is not an assumption for the law of one price? a. There is free competition b. There is no transportation cost c. There are no tariffs d. The skill level of workers is identical in both countries
Answers (1)
The following information relates to the direct labor at Padmaja Manufacturing, Inc. for March: Actual Standard Labor cost per hour $18.00 $17.50 Labor hours per unit produced 1.5 1.4 During March, Padmaja produced 2,100 units.
Answers (1)
Dorchester purchased investment realty in 2001 for $25,000. During the current year, he contributes it to the American Heart Association to use as the site for its new local headquarters.
Answers (1)
An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting and Review Services (SSARSs). During fieldwork, the accountant decided to perform some analytical procedures.
Answers (1)
Alicia is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC has net income of $325,000 after deducting Alicia's $100,000 salary.
Answers (1)