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  3. abbott industries sold $8,000 worth of merchandise

Abbott Industries sold $8,000 worth of merchandise to Carter Stores on 9/10, on account. The...

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Accounting

Abbott Industries sold $8,000 worth of merchandise to Carter Stores on 9/10, on account. The terms were 2%/10, net 30. Carter paid the amount due on the invoice on 9/18. Use the table to record the receipt of Carter's payment on Abbott's books. Enter debits as positive numbers and credits as negative numbers (e.g., a credit of $60 would be entered as -60). You must enter 0 in the Amount field if the account would not be included in the entry. (Use commas, no $ signs) HINT: Try writing the journal entry out on a piece of paper first. Debits are entered as positive numbers; credits as negative numbers. Accounts listed in left column, Amounts listed in right column. Account Amount Cash Accounts receivable Merchandise inventory Accounts payable Revenue Sales discounts Cost of goods sold

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