Business, 02.11.2019 03:31, Maxwell8066

Jo's market makes a credit sale for $1,000 with terms of 2/10,n/30. the cost of the merchandise is $400. the required journal entry to record the sale and cost of the sale is: debit accounts receivable $1,000 and credit sales 1,000 debit accounts receivable $1,000; credit sales $1,000; debit cost of goods sold $400; and credit merchandise inventory $400 debit accounts payable $1,000; and credit sales $1,000 debit accounts receivable $600; credit sales $600; debit cost of goods sold $400; and credit merchandise inventory $400

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Jo's market makes a credit sale for $1,000 with terms of 2/10,n/30. the cost of the merchandise is $...