Business, 19.10.2019 00:30 babiea612

On april 2, kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. payment on $24,000 sales was received on april 8 and the remaining payment on $16,000 sales was received on april 27. assuming kelvin uses the net method of accounting for sales discounts what are the journal entries to recorded the trnascations.

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On april 2, kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. payment on...