A seller uses a perpetual inventory system, and on April 4, it sells $5,000 in merchandise to a customer on credit terms of 3/10, n/30. On April 13, the seller receives payment from the customer. Note: Enter debits before credits. Date April 13 General Journal Debit Credit

A seller uses a perpetual inventory system, and on April 4, it sells $5,000 in merchandise to a customer on credit terms of 3/10, n/30. On April 13, the seller receives payment from the customer. Note: Enter debits before credits. Date April 13 General Journal Debit Credit

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 5PA: The following transactions were completed by Nelsons Boutique, a retailer, during July. Terms on...

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Question

A seller uses a perpetual inventory system, and on April 4, it sells $5,000 in
merchandise to a customer on credit terms of 3/10, n/30. On April 13, the
seller receives payment from the customer.
Note: Enter debits before credits.
Date
April 13
General Journal
Debit
Credit

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