On February 3, Smart Company, Inc

question 18

Multiple Choice

On February 3, Smart Company, Inc. sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Smart uses the gross method of accounting for sales and a perpetual inventory system. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:

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Definitions:

P-nitroanisole

An organic compound consisting of an anisole group where a nitro group is attached to the para position of the anisole ring.

Nitro Group

A nitro group is a functional group consisting of a nitrogen atom bonded to two oxygen atoms (−NO2), often contributing to the reactivity of a molecule.

O,p-director

Refers to substituents on an aromatic ring that direct incoming substituents to the ortho and para positions relative to themselves during electrophilic aromatic substitution reactions.

Meta Sigma Complex

A term that is not commonly defined in the field of chemistry, indicating a potential misunderstanding or mislabeling of a concept. NO.