Business, 18.02.2020 18:51 sofia5044

Best Discount Store uses the perpetual system and had a sale on account to Julie Smith of $5,000 with terms 3/10, n /30. Ms. Smith paid within the discount period. The journal entry to record receiving payment from the sale on account would be:1.Accounts receivable: 4,850 debit sales revenue: 4,850 credit2.accounts receivable: 5,000 debit cash: 5,000 credit3.cash: 5,000 debit accounts receivable: 5,000 credit4.cash: 4,850 debit accounts receivable: 4,850 credit

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Best Discount Store uses the perpetual system and had a sale on account to Julie Smith of $5,000 wit...

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