Secret Trails Received Payment in Full Within the Credit Period

question 98

Multiple Choice

Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax.Terms of the sale were 2/10,n/30.Which entry is required to record this?

• A)Debit Cash,$900;credit Sales,$900
• B)Debit Cash,$936;debit Sales Discount $18;credit Accounts Receivable,$954
• C)Debit Cash,$954;credit Sales,$954
• D)Debit Cash,$936;credit Sales,$936

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