On March 1, Alpha Co. sold merchandise for $5,000 on account…
On March 1, Alpha Co. sold merchandise for $5,000 on account, terms 2/10 n/30. (Journal entry was entered in the previous question.) On March 9, received full payment from the customer for the sale made on March 1 (within the discount period). What is the journal entry to record the receipt of payment? Dr. Dr. Cr.