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ABC made a $15,000 sale on account with the following terms: 1/10, n/30. If ABC uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale?a. Debit Accounts Receivable for $14,850.b. Debit Accounts Receivable for $14,850 and Sales Discounts for $150.c. Debit Accounts Receivable for $15,000.d. Debit Accounts Receivable for $15,000 and Sales Discounts for $150.

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mltn1980

Answer:

d. Debit Accounts Receivable for $15,000 and Sales Discounts for $150.

Explanation:

Because Gross Method record the invoice at full price and the discount applied separately.

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