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-   -   Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30. Journalization? (https://www.askmehelpdesk.com/showthread.php?t=588594)

  • Jul 20, 2011, 08:48 PM
    JhakeFaelnar
    Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30. Journalization?
    Journalization

    Sold merchandise to jose cruz on account, P3,000. Terms:3/10, n/30.
  • Jul 20, 2011, 08:51 PM
    JhakeFaelnar

    Journal entry?

    Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30.
  • Jul 21, 2011, 11:24 AM
    pready

    Debit Accounts Receivable for the amount of the sale
    Credit Sales Revenue for the amount of the sale

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