On december 1, macy company sold merchandise with a selling price of $9,000 on account to mrs. jorgensen, with terms 4/10, n/30. on december 3, mrs. jorgensen returned merchandise with a selling price of $700. mrs. jorgensen paid the amount due on december 9. what journal entry did macy company prepare on december 9 assuming the gross method is used?
a) debit cash for $7,968 and credit accounts receivable for $7,968.
b) debit sales revenue for $7,968, debit sales discounts for $332, and credit accounts receivable for $8,300.
c) debit sales revenue for $8,300, credit sales discount for $332 and credit cash for $7,968.
d) debit cash for $7,968, debit sales discounts for $332, and credit accounts receivable for $8,300.

B) Debit Sales Revenue for $7,968, debit Sales Discounts for $332, and credit Accounts Receivable for $8,300.

Explanation:

The journal entry is shown below:

Cash A/c Dr                   $7,968

Sales Discount A/c Dr $332

     To  Accounts receivable    $8,300

(Being cash received recorded)

The computation of the account receivable  

= Credit sales - returned goods

= $9,000 - $700

= $8,300

And, the discount would be

= Accounts receivable × percentage given

= $8,300 × 4%

= $332

The remaining amount would be credited to the cash account.

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.