A Credit Sale of $2,500, Terms 1/20, N/30, Should Be

question 58

Multiple Choice

A credit sale of $2,500, terms 1/20, n/30, should be recorded with which of the following journal entries?

• A) Choice 1
• B) Choice 2
• C) Choice 3
• D) Choice 4

---

Definitions:

Rpm

Stands for revolutions per minute, a measure of the frequency of rotation, specifically the number of rotations around a fixed axis in one minute.

Load

The amount of electrical power or physical weight that is applied or carried by a system or component.

Spool Valves

Mechanical devices used in hydraulic and pneumatic systems to control the flow of fluid or air, typically by moving a cylindrical spool within a housing to open or close channels.

Hydraulically

Pertaining to or involving the movement or operation of devices through the pressure of liquids in motion.