Tag 100 list price is sold with a 15% trade discount?

Accounting Quiz 2 answers

Wilshire Equipment Company sold merchandise on credit.  No discounts were offered.  The proper journal entry to record this sale would be: A.   Debit Sales, and Credit Accounts Receivable. B.   Debit Cash, and Credit Accounts Receivable. C.   Debit Accounts Receivable, and…