The entry to record a sale of $1,800 with terms of 2/10, n/30 will include a
A)debit to Sales Discounts for $36.
B)debit to Sales Revenue for $1,764.
C)credit to Accounts Receivable for $1,800.
D)credit to Sales Revenue for $1,800.

Question

Quizplus · Accepted Answer

The entry to record a sale should credit Sales Revenue for the full amount of the sale, which is $1,800. The discount is not recorded until it is taken by the customer.

The Entry to Record a Sale of $1,800 with Terms