On July 10, 20B, Mighty Company sold merchandise at an invoice price of $5,000 with terms of 3/10, n/30. Give the journal entries required below by indicating the account code of the appropriate account for each debit and credit and the amounts involved.
A Cash
B Trade Receivables C Sales Revenue
D Sales Discounts

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The Answer of On July 10, 20B, Mighty Company sold merchandise at an invoice price of $5,000 with terms of 3/10, n/30. Give the journal entries required below by indicating the account code of the appropriate account for each debit and credit and the amounts involved.
A Cash
B Trade Receivables C Sales Revenue
D Sales Discounts

On July 10, 20B, Mighty Company Sold Merchandise at an Invoice