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acc 340 AG Inc. made a $25,000 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 revenue
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acc 340 AG Inc. made a $25,000 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 revenue

User Jeff F
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3.9k points

1 Answer

4 votes

Answer:

$24,750

Step-by-step explanation:

Calculation for how much should be recorded as revenue

Revenue=(100%-1%)*$25,000

Revenue=99%*$25,000

Revenue=$24,750

The amount that the company should record the REVENUE will be $24,750

User Pkeller
by
4.5k points
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