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AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales made on credit, how much should be recorded as sa…

AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales made on credit, how much should be recorded as sa…
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AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30.

If the company uses the net method to record sales made on credit, how much should be recorded as sales revenue?
a. $ 9,800.b. $ 9,900.c. $10,000.d. $10,100.

User Moksha
by
8.9k points

1 Answer

2 votes

Answer:

(C) $10,000

Step-by-step explanation:

Debit Accounts Receivable for $10,000

User Alex Chugunov
by
8.4k points
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