E7-5 - Sales($2,000 X 98 1,960 June 12 Cash 1,960 Accounts...

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Sladjana Vasic E7-5 (a) 1. June 3 Accounts Receivable—Arquette. ................... 2,000 Sales. ............................................................ 2,000 June 12 Cash . ....................................................................... 1,960 Sales Discounts ($2,000 X 2%). ...................... 40 Accounts Receivable—Arquette. ........ 2,000 2. June 3 Accounts Receivable—Arquette. ................... 1,960
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Unformatted text preview: Sales ($2,000 X 98%) . .............................. 1,960 June 12 Cash . ....................................................................... 1,960 Accounts Receivable—Arquette. ........ 1,960 (b) July 29 Cash . .................................................................. 2,000 Accounts Receivable—Arquette. ....... 1,960 Sales Discounts Forfeited. ................... 40...
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