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Darko IncMade a $10,000 Sale on Account with Terms: of 1/15,n/30

Question 51

Multiple Choice

Darko Inc.made a $10,000 sale on account with terms: of 1/15,n/30.If the company uses the gross method,which of the following will be included in the journal entry to record the sale on account?


A) credit Accounts Receivable $10,000
B) debit Sales Discount $100
C) credit Sales Revenue $10,000
D) debit Cash $10,000

Correct Answer:

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