What is the journal entry made on may twenty eight

Reference no: EM131913082

Problem

On May 15, Brandle sold dollar 52,000 of inventory items on credit with the terms 2/15, net 30. Payment on dollar 30,000 of the sales was received on May 28 and the remaining payment was received on June 12. Assuming Brandle uses the gross method of accounting for sales discounts, what is the journal entry made on May 28?

Reference no: EM131913082

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What is the journal entry made on may twenty eight : On May 15, Brandle sold dollar 52,000 of inventory items on credit with the terms 2/15, net 30. What is the journal entry made on May 28?

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