Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and, as of 20 April 2021 (Eastern Time), the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous asked in Business & FinanceOther - Business & Finance · 1 month ago

Accounting help?

Merchandise costing $2,900 is sold for $3,900 on terms 1/30, n/60. If the customer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit?

2 Answers

  • Anonymous
    1 month ago


  • Anonymous
    1 month ago

    Ok, but where do you need help?  Where are you getting stuck?

    We don't just "do" homework here.  

    Show us what you have so far.   If you're unwilling to put in a little effort, then so am I.

Still have questions? Get answers by asking now.