Business, 20.11.2019 05:31, ayeequeen6392
On may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. shilling uses the perpetual inventory system. the journal entry or entries that shilling will make on may 1 is:
a) sales accounts receivable 5,800 5,800
b) sales accounts receivable cost of goods sold merchandise inventory 5,800 5,800 4,000 4,000
c) 5,800 accounts receivable 5,800 sales
d) 5,800 accounts receivable 5,800 sales cost of goods sold, merchandise inventory are 4,000, 4,000
e) 4,000 accounts receivable 4,000 sales
Answers: 1
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On may 1, shilling company sold merchandise in the amount of $5,800 to anders, with credit terms of...
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