Question 33 Singh Company received payment in full within the credit period for goods sold for $400 plus 13% HST. Terms of the sale were n/30. Which entry records this transaction? C13 Debit Cash, $452, credit Sales, $452 Debit Accounts Receivable $420, credit Sales, $420 Debit Cash, $400, credit Accounts Receivable, $400 Debit Cash, $452, credit Accounts Receivable, $452

Question 33 Singh Company received payment in full within the credit period for goods sold for $400 plus 13% HST. Terms of the sale were n/30. Which entry records this transaction? C13 Debit Cash, $452, credit Sales, $452 Debit Accounts Receivable $420, credit Sales, $420 Debit Cash, $400, credit Accounts Receivable, $400 Debit Cash, $452, credit Accounts Receivable, $452

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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