52. On July 9, 2021, Entity A collects its sales on account from a customer in the amount of P48,750 after giving a discount term of 2.5/10, n/30. the journal entry on June 30, 2021 to record the sales on account will include * A. Debit, Accounts Receivable, P48,750 O B. Credit, Sales, P48,750 C. Debit, Accounts Receivable, P50,000 O D. Credit, Cash, P50,000

52. On July 9, 2021, Entity A collects its sales on account from a customer in the amount of P48,750 after giving a discount term of 2.5/10, n/30. the journal entry on June 30, 2021 to record the sales on account will include * A. Debit, Accounts Receivable, P48,750 O B. Credit, Sales, P48,750 C. Debit, Accounts Receivable, P50,000 O D. Credit, Cash, P50,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 9SEB: SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of...

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