Gupta Accessories sold merchandise to a customer on credit for $4,400, terms 3/10, n/30. The cost of the merchandise to Gupta was originally $2,500. If the customer pays 6 days after the sale occurred, what amount would be entered into the Sales Discount Dr. column in its cash receipts journal? O $132. O $75. $57. $4,400. $1,900.

Question

04-11-2021
Mathematics

Answered

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Gupta Accessories sold merchandise to a customer on credit for $4,400, terms 3/10, n/30. The cost of the merchandise to Gupta was originally $2,500. If the customer pays 6 days after the sale occurred, what amount would be entered into the Sales Discount Dr. column in its cash receipts journal? O $132. O $75. $57. $4,400. $1,900.

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