chap 7 - $10,000 NET METHOD 15-Jul Accounts Receivable...

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AC 303 12-Mar-08 E 7-4 page 338 E-4.) GROSS METHOD 15-Jul 1,000*50=10,000 Accounts Receivable $10,000 Sales Revenue $10,000 10,000 *.02=200 23-Jul Cash $9,800 Sales Discounts $200 Accounts receivable $10,000 15-Jul $10,000 Accounts Receivable $10,000 Sales Revenue 15-Aug Cash $10,000 Sales Discounts $0 Accounts receivable
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Unformatted text preview: $10,000 NET METHOD 15-Jul Accounts Receivable $9,800 Sales Revenue $9,800 23-Jul Cash $9,800 Accounts Receivable $9,800 15-Jul Accounts Receivable $9,800 Sales Revenue $9,800 23-Jul Cash $10,000 Accounts Receivable $9,800 Interest Revenue $200...
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