Business, 21.02.2020 20:47, actived

On July 9, Sheb Company sells goods on credit to Wooley Company for $5,000, terms 1/10, n/60. Sheb receives payment on July 18. The entry by Sheb on July 18 is:

A.

Cash 5,000

Accounts Receivable 5,000

B.

Cash 4,950

Sales Discounts 50

Accounts Receivable 5,000

C.

Cash 5,000

Sales Discounts 50

Accounts Receivable 4,950

D.

Cash 5,050

Sales Discounts 50

Accounts Receivable 5,000

Answers: 3

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On July 9, Sheb Company sells goods on credit to Wooley Company for $5,000, terms 1/10, n/60. Sheb r...