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Q: How much would a sales discount be on an invoice that totals 3000 is dated Jan 14 has terms of 2 10 net 30 and is paid on Jan 25?
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How much would a sales discount be on an invoice that totals $3000 is dated January 14th has terms of 2/10net30 and is paid on January 25th


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How do you make a journal entry of 9800 as paid in full on a previous invoice of 10000 and use a sales discount?

Debit the $10,000 towards the A.R. account associated with the customer, and write the amount of the payment and the discount under it... Account Receivable Check #012 debit 9800 Sales Discount debit 200 invoice 003 Sorry for the odd formatting. Just balance out the credit balance of $10,000 with the check and the sales discount. If you are using QuickBooks, I might suggest editing the invoice within the program to $9800 and then marking it as paid. If you're doing it old school then hopefully you get the general idea...


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Please provide more information/context/clarification to help us answer this question. You can post your response in this answer text by clicking "Edit."


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A sales invoice is a commercial document that itemizes a transaction between a buyer and a seller. An invoice will usually include the quantity of purchase, price of goods and/or services, date, parties involved, unique invoice number, and tax information. If goods or services were purchased on credit, the invoice will usually specify the terms of the deal, and provide information on the available methods of payment. Also known as a "bill", "statement" or "sales invoice".


What do you mean by invoice?

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