The Entry to Record a Sale of $900 with Terms

question 67

Multiple Choice

The entry to record a sale of $900 with terms of 2/10, n/30 will include a

• A)credit to Sales Discounts for $18.
• B)debit to Cash for $882.
• C)credit to Accounts Receivable for $900.
• D)credit to Sales Revenue for $900.

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Definitions:

Psychokinesis

The purported ability to move or manipulate objects with the mind without any physical interaction.

ESP

Extra-Sensory Perception, a claimed ability to gain information through means other than the known human senses.

Parapsychology

Parapsychology is the study of paranormal phenomena, including extrasensory perception, telekinesis, and other psychic abilities.

Clairvoyance

The supposed ability to gain information about an object, person, location or physical event through extrasensory perception, beyond the known human senses.