I need help solving this general accounting question with the proper methodology. A trade credit bill of $65,000 with terms of sale 3/10, net 30means the buyer savesdiscount period.if the bill is paid within thea. $1,950b. $1,300c. $2,150d. $0

Step 1: Define Cash DiscountA cash discount is a reduction in the invoice price offered by a seller…

Answered: A trade credit bill of $65,000 with…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 17Q: A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300....

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A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300. Shipping charges are $100. The terms of the sale are 2/10, n/30, FOB Destination. What, if any, journal entry or entries will the seller record for these transactions?
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Hello tutor please help me this question general accounting
The entry to record the receipt of payment within the discount period on a sale of $4000 with terms of 2/10, n/30 will include a credit to O Accounts Receivable for $4000. O Sales Discounts for $80. O Cash for $3920. O Sales Revenue for $4000.
Hii expert please provide correct answer financial accounting question
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A trade credit bill of $65,000 with terms of sale 3/10, net 30 means the buyer saves discount period. if the bill is paid within the a. $1,950 b. $1,300 c. $2,150 d. $0