On July 10, 2016, Rex Company sold merchandise at an invoice price of $5,000 with terms of 2/10, n/30.
- Required:

Prepare the journal entries required below by indicating the account code of the appropriate account for each debit and credit and enter the dollar amounts for each item.

Question

On July 10, 2016, Rex Company sold merchandise at an invoice price of $5,000 with terms of 2/10, n/30.
- Required:
 
 Prepare the journal entries required below by indicating the account code of the appropriate account for each debit and credit and enter the dollar amounts for each item.

Quizplus · Accepted Answer

The Answer of On July 10, 2016, Rex Company sold merchandise at an invoice price of $5,000 with terms of 2/10, n/30.
- Required:
 
 Prepare the journal entries required below by indicating the account code of the appropriate account for each debit and credit and enter the dollar amounts for each item.

On July 10, 2016, Rex Company Sold Merchandise at an Invoice