Essay
On June 1, 2014, Concorde Company sold merchandise on credit at an invoice price of $1,000; terms 2/10, n/30.
Required:
Prepare the journal entries to record the following:
A. To record the sale.
B. Assumption A: To record collection on June 28, 2014.
C. Assumption B: To record collection on June 9, 2014.
Correct Answer:
Verified
Correct Answer:
Verified
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