On June 1,2019,Concorde Company sold merchandise on credit at an invoice price of $1,000;terms 2/10,n/30.
Prepare the journal entries to record the following:
A.To record the sale.
B.Assumption A: To record collection on June 28,2019.
C.Assumption B: To record collection on June 9,2019.

Question

Quizplus · Accepted Answer

The Answer of On June 1,2019,Concorde Company sold merchandise on credit at an invoice price of $1,000;terms 2/10,n/30.
Prepare the journal entries to record the following:
A.To record the sale.
B.Assumption A: To record collection on June 28,2019.
C.Assumption B: To record collection on June 9,2019.

On June 1,2019,Concorde Company Sold Merchandise on Credit at an Invoice