please urgent help!! P \& G Auto Parts sells parts to Sandhill Car Repair...
70.2K
Verified Solution
Question
Accounting
please urgent help!!
P \& G Auto Parts sells parts to Sandhill Car Repair during 2021. P\&G offers rebates of 1% on purchases up to $60000 and 2% on purchases above $60000 if the customer's purchases for the year exceed $200000. In the past, Sandhill normally purchases $300000 in parts during a calendar year. On March 25, 2021, Sandhill Car Repair purchased $70000 of parts. The journal entry to record the purchase includes a credit to Sales Revenue for $69400. debit to Accounts Receivable for $69400. credit to Sales Revenue for $69200. debit to Accounts Receivable for $70000Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.