Help with accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Heidi’s Accessories bought 50 necklaces for $10 each on account. The invoice included a 6% sales tax and payment terms of 2/10, n/30. Five necklaces were returned prior to payment. The entry to record the payment (within the discount period) would include a credit to
A. Cash for $477. B. Cash for $468.C. Accounts Receivable for $477.
 

Apr 26th, 2015

the correct entry is to credit the Accounts Receivable with  $477

the answer is C

Accounts Receivable for $477.

Apr 26th, 2015

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Apr 26th, 2015
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Apr 26th, 2015
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