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What special journal is used for the transaction "recorded cash and credit card sales"
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
The amount of sales tax collected is
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
What special journal is used for the transaction "sold merchandise on account"
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
Sales tax payable
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
Credit terms of 2/10, n/30 means that if the account is paid in
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
Sales Returns and Allowances is
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
Credit allowed to a customer for part of the sales price of merchandise that is not returned is called
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
Recording revenue from trnasactions at the time goods or services are sold is an applicatin of the accounting concept
cash receipts journal
10 days, a 2% discount will be allowed.
a contra revenue account.
realization of revenue.
sales journal
sales allowance.
has a normal credit balance.
is a liability of the business.
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