They are paid on march 3 the customer takes the discount


Question - On March 1, 200X Bravo Company sells $6,000 of services on credit terms offering a 2% discount if paid within ten days. They are paid on March 3. The customer takes the discount, what is Bravo Company's accounting entry on March 3, 200X?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: They are paid on march 3 the customer takes the discount
Reference No:- TGS02380846

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)