Question 13 (2 points) Elm Lawncare provided $250 in landscaping services to a...
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Accounting
Question 13 (2 points)
Elm Lawncare provided $250 in landscaping services to a customer on October 1 on account with terms 2/10, net 30. On October 2, Elm granted the customer a $50 allowance because the services performed were not as expected. The customer paid the balance due on October 9. From Elms perspective, select the correct entry for the receipt of payment on October 9.
Question 13 options:
| Debit Cash $250 Credit Accounts Receivable $200 Credit Sales Discounts $50 | |
| Debit Sales Allowance $200 Credit Accounts Receivable $200 | |
| Debit Cash $196 Debit Sales Discounts $4 Credit Accounts Receivable $200 | |
| Debit Cash $200 Credit Accounts Receivable $200 |
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