Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Assume that saron manufacturing company offers credit customer a 2% cash discount if the sales price is made with in 10 days.any amount not paid with in 10 days are due with in 30 days.thes repayment terms are stated as 2/10,n/30.on october 5,2000,saron sold merchandise at aprice of $20,000.the customer paid $13,720($14,000 less the 2%cash discount)on october 14 and the remaining balance of$6000 on november 4.prepare appropriate jornal entries using gross and net method