On September 1, AG Inc. made a $15,000 sale on account with the following terms: 2/10,...
Homework Answers
| No. | Account Titles and Explanation | Debit | Credit |
| 1. | Accounts Receivables | $15,000 | |
| Sales | $15,000 | ||
| 2. | Accounts Receivables | $12,700 | |
| Sales Discount ($15,000*2%) | $300 | ||
| Sales | $15,000 | ||
| 3. | Cash | $12,700 | |
| Sales Discount ($15,000*2%) | $300 | ||
| Accounts Receivables | $15,000 | ||
| 4. | Cash | $12,700 | |
| Accounts Receivables | $12,700 |
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On September 1, AG Inc. made a $15,000 sale on account with
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