What is the correct entry for this company on august 31

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Question: On August 31 of the current year, Iracema sold equipment to a customer for $10,000 with credit terms 2/10, n/30. Iracema uses the gross method of accounting for sales discounts. What is the correct entry for this company on August 31?

Reference no: EM133659687

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What is the correct entry for this company on august 31 : credit terms 2/10, n/30. Iracema uses the gross method of accounting for sales discounts. What is the correct entry for this company on August 31

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