Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction?
A) Debit Accounts Receivable $4,050; debit Sales Discount $50.00; credit Tile Sales $5,000
B) Debit Cash $5,000; credit Tile Sales $5,000
C) Debit Accounts Receivable $4,050; credit Tile Sales $4,050
D) Debit Accounts Receivable $5,000; credit Tile Sales $5,000
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction? ...” 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
You Might be Interested in
Nepotism is--a. the practice of basing promotions on how long someone has been employed by a given company b. the practice of promoting exclusively from within a firm c.
Answers (1)
Financial managers should a. ignore minor budgeting problems and concentrate on major problems when budgeting. b. hire a person to go over interim budgets. c. establish a means of monitoring financial performance on an interim basis. d.
Answers (1)
If the number of dollars needed to buy a representative basket of goods falls, the price level
Answers (1)
Bret buys a subscription to the catalog of movies provided by Cinematique, an online music vendor. Before accessing the catalog, Bret must agree to a provision stating that she will not make and sell copies of the films. This provision is
Answers (1)
Beacon company is considering automating its production facility. the initial investment in automation would be $15 million, and the equipment has a useful life of 10 years with a residual value of $500,000.
Answers (1)
New Questions in Business
During 2017, Blossom Company disposed of Pine Division, a major component of its business. Blossom realized a gain of $2920000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $3580000 in 2017.
Answers (1)
On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,500 in cash.
Answers (1)
Tools can be used safely for jobs that they were not designed to do. True or False
Answers (2)
Consider the relative liquidity of the following assets: Assets 1. A share in a publicly traded company 2. The funds in a savings account 3. A $10 bill 4. Your car Select the assets in order of their liquidity, from most liquid to least liquid.
Answers (2)
t is easiest to identify the company that functions as the strategic center firm in: a. horizontal complementary strategic alliances. b. vertical complementary strategic alliances. c. corporate-level cooperative partnerships. d.
Answers (1)