Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30. Journalization? [Archive]

JhakeFaelnar

Jul 20, 2011, 08:48 PM

Journalization

Sold merchandise to jose cruz on account, P3,000. Terms:3/10, n/30.

JhakeFaelnar

Jul 20, 2011, 08:51 PM

Journal entry?

Sold merchandise to jose cruz on account, P3,000. Terms;3/10, n/30.

pready

Jul 21, 2011, 11:24 AM

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