bigbang468 bigbang468

25-03-2020
Business

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Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is:

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sebastiansierraocm sebastiansierraocm

30-03-2020

Answer:

The complete journal entry would be:

Account Debit Credit

Sales Revenue $300

Accounts Receivable $300

Cost of Goods Sold $200

Merchandise $200

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