Business, 10.04.2020 22:58 kelseiroll8554
On April 2, Kelvin sold $38500 of inventory items on credit with the terms 3/10, net 30. Payment on $23100 sales was received on April 8 and the remaining payment on $15400 sales was received on April 27. Assuming Kelvin uses the net method of accounting for sales discounts, the entry recorded on April 27 would include a:
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On April 2, Kelvin sold $38500 of inventory items on credit with the terms 3/10, net 30. Payment on...
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