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Knowledge Check 01 On June 13 of the current year, Kensington Factory sold...

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Accounting

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Knowledge Check 01 On June 13 of the current year, Kensington Factory sold merchandise to a customer for $8,000 with credit terms 2/10, n/30. The customer paid the full amount due on June 20. Kensington uses the gross method of accounting for cash discounts. Prepare the appropriate journal entry dated June 20. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the appropriate journal entry dated June 20. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal

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