Kiwongmocmn

$5000 less 2% equals $4900 Company B makes the following journal entries Debit Cash 4900 Debit Sales (or Service) discounts $100 Credit Accounts Receivable $5000 Journal Entry 30 In this activity, you'll experiment with one of the two strategies intended to increase happiness The first was briefly described in the preceding text;"n/30" states that if the buyer does not pay the (full) invoice amount within the 10 days to qualify for the discount, then the net amount is due within 30 days after the sales invoice date The terms offered by the seller usually depend on the trade custom Purchases With Discount Gross Principlesofaccounting Com 2/10 n/30 terms journal entry