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On May 1, Shilling Company, Inc

Question 128

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On May 1, Shilling Company, Inc. 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 gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is:


A) On May 1, Shilling Company, Inc. 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 gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is: A) B) C) D) E)
B) On May 1, Shilling Company, Inc. 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 gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is: A) B) C) D) E)
C) On May 1, Shilling Company, Inc. 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 gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is: A) B) C) D) E)
D) On May 1, Shilling Company, Inc. 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 gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is: A) B) C) D) E)
E) On May 1, Shilling Company, Inc. 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 gross method of recording sales and a perpetual inventory system. The journal entry or entries that Shilling will make on May 1 is: A) B) C) D) E)

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