For a sale on account of $1,000.00 plus sales tax of $80.00, the amount recorded in the Accounts Receivable amount column of a sales journal is
A) $1,080. 00.
B) $1,000. 00.
C) $920. 00.
D) $80. 00.
Correct Answer:
Verified
Q8: A terminal summary is also known as
Q9: Separate transactions are recorded for cash, credit
Q10: The balance of Accounts Receivable should equal
Q11: When merchandise is sold on account and
Q12: Marris Company records a $1,000.00 sale on
Q14: The amount of sales tax on a
Q15: A business should post sales on account
Q16: The amount of cash received for a
Q17: Most businesses receive cash for credit and
Q18: Credit terms of 2/10, n/30 mean that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents