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On June 1, Target sold 100 HP laptops to UCF for $500 each with terms of 3/15,n30
On June 1, Target sold 100 HP laptops to UCF for $500 each with terms of 3/15,n30. On June 11, UCF paid their invoice and took the discount. What journal entry (debit and credit) should Target record on June 11? (Select all answers that apply) Credit Sales Discounts $1,500 Debit Cash $48,500 Debit Accounts Receivable $48,500 Credit Accounts Receivable $50,000 Debit Cash $50.000 Debit Sales Discounts $1,500 Credit Accounts Receivable $48,500 Credit Sales Revenue $48,500 Debit Accounts Receivable $50.000 Credit Sales Revenue $50.000
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