On May 1,Shilling Company sold merchandise in the amount of $5,800 to Anders,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Shilling uses the perpetual inventory system.The journal entry or entries that Shilling will make on May 1 is:

Question

Quizplus · Accepted Answer

The Answer of On May 1,Shilling Company sold merchandise in the amount of $5,800 to Anders,with credit terms of 2/10,n/30.The cost of the items sold is $4,000.Shilling uses the perpetual inventory system.The journal entry or entries that Shilling will make on May 1 is:

On May 1,Shilling Company Sold Merchandise in the Amount of $5,800