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the payment assuming payment is made within the discount period? P1,500 P1,455 a. b. C. P1,440 d. P1,560 originally sold

the payment assuming payment is made within the discount period? P1,500 P1,455 a. b. C. P1,440 d. P1,560 originally sold

FINANCIAL ACCOUNTING
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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FUNDAMENTALS OF ACCOUNTING 6. the payment assuming payment is made within the discount period? P1,500 b. P1,455 P1,440 d. P1,560 a. C. When the seller accepts a return of goods from the purchaser originally sold on account, the seller's journal entry would include a debit to: sales discounts and credit to cash b. sales returns and allowances and credit to accounts receivable sales returns and allowances and credit to sales discounts d. sales revenue and credit to cash 7. a. C. account, terms 2/10, n/30. If
Transcribed Image Text:FUNDAMENTALS OF ACCOUNTING 6. the payment assuming payment is made within the discount period? P1,500 b. P1,455 P1,440 d. P1,560 a. C. When the seller accepts a return of goods from the purchaser originally sold on account, the seller's journal entry would include a debit to: sales discounts and credit to cash b. sales returns and allowances and credit to accounts receivable sales returns and allowances and credit to sales discounts d. sales revenue and credit to cash 7. a. C. account, terms 2/10, n/30. If
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