Business, 19.11.2019 01:31 salam4704

On february 3, smart company sold merchandise in the amount of $4,200 to truman company, with credit terms of 1/10, n/30. the cost of the items sold is $2,900. smart uses the perpetual inventory system. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is: a. cash 2,900 accounts receivable 2,900b. cash 4,200 accounts receivable 4,200c. cash 4,120 sales discounts 80 accounts receivable 4,200
d. cash 2,820 accounts receivable 2,820

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On february 3, smart company sold merchandise in the amount of $4,200 to truman company, with credit...

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