Ask Question
4 June, 08:34

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

+2
Answers (2)
  1. 4 June, 09:49
    0
    The answer to your question is letter C. Debit Cash $936; debit Sales Discounts $18; credit Accounts Receivable $954.
  2. 4 June, 11:23
    0
    The answer is correct for which entry is required to record the payment for 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 is C. Debit Cash $936; debit Sales Discount $18; credit Accounts Receivable $954.
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers