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    JhakeFaelnar's Avatar
    JhakeFaelnar Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 20, 2011, 08:48 PM
    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.
    JhakeFaelnar's Avatar
    JhakeFaelnar Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jul 20, 2011, 08:51 PM

    Journal entry?

    Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Jul 21, 2011, 11:24 AM

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