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Saved Help Save & Exit Submit On September 12, Ryan Company sold merchandise in the...

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Accounting

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Saved Help Save & Exit Submit On September 12, Ryan Company sold merchandise in the amount of $7,800 to Johnson Company, with credit terms of 3/10,n/30. The cost of the items sold is $5,000. Ryan uses the periodic inventory system and the net method of accounting for sales. The journal entry or entries that Ryan will make on September 12 is (are): 22 01:16:35 Multiple Choice Accounts receivable Sales 7,800 7,800 Accounts receivable Sales 7,566 7,566 Sales Accounts receivable 7,800 7,800 Accounts receivable Sales 7,566 7,566 2 7,566 Accounts receivable Sales 7,566 16.0B 7,800 Sales Accounts receivable 7,800 7,566 7,566 Accounts receivable Sales Cost of goods sold Merchandise Inventory 5,000 5,000 7,800 7,800 Accounts receivable Sales Cost of Goods Sold Merchandise inventory 5,000 5,000

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