Ask Experts Questions for FREE Help !
Ask
    businessgirl101's Avatar
    businessgirl101 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 11, 2009, 09:15 AM
    How to post this journal entry with sale discount
    Hi. I need help with this journal entry any help would be gladly appreciated. The following sales took place. On sept 2 geoff and sandy harlad sold a fish aquarium on account to Ken Shank, 125.00 plus tax of 7.50 terms n/30. Sale no 101. Can somebody please tell me how to journal this?? Thanks ps: this chapter is on merchandise businesses
    myoungii's Avatar
    myoungii Posts: 12, Reputation: 1
    New Member
    		  
    #2

    Jun 11, 2009, 10:33 PM

    This problem does not appear to have any sales discount associated with it.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal entry sale of depreciable asset [ 1 Answers ]

Need to know the journal entry for the sale of a depreciable asset with book value and remaining and some depreciation taken to date.

Journal entry for purchase and sale of property for sale [ 5 Answers ]

I purchase an apartment for $ 1.7m and paid first instalmment of 250k ,Before the second installment I sell the apartment at the value of 1.9m .Please tell me how to record the journal entry .

Journal entry for sale of long term investment [ 3 Answers ]

Cash 42000 Long-term investments 42000 If the investment was originally purchases for 30000, does that matter? Should there be a separate je to account for that?

Sale of truck-journal entry [ 1 Answers ]

Company sold a used truck for 24,000. Original cost 62,000 and total depreciation of 18,000. Prepare journel entry to record sale of truck I got Dr Acc. Depreciation 18,000 DR cash 24,000 DR lost of sale 20,000 Cr truck 62,000

View more questions Search