Respuesta :
$10,000 is amount that would be entered into the accounts receivable cr. column in its cash receipts journal.
Elaborating the values:
2/10,n/30 means if paid within 10 days can get discount of 2 %
But maximum credit period is 30 days.
Paid after 20 days so no discount is given.
Total sale value is received $ 10000
Cash receipt journal:
A cash receipts journal is a specialized accounting journal that is referred to as the main entry book in an accounting system. It is used to credit and debit cash sales and transactions related to receipts in order to keep track of the sales of items when cash is received.
A special journal known as a cash receipts journal is used by businesses to keep track of any cash it receives. In a business, the primary sources of cash receipt are: Speculation of capital by the owner or proprietor. Sales in cash. Offer of a resource for cash.
With an example, what is a cash receipt?
During a transaction involving the transfer of cash or cash equivalent, a cash receipt is a printed acknowledgement of the amount of cash received. The first duplicate of the money receipt is given to the client, while the other duplicate is saved by the dealer for the end goal of bookkeeping.
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