On april 1, moloney meat distributors sold merchandise on account to fronke’s franks for $2,100 on invoice 1001, terms 1/10, n/30. payment was received in full from fronke’s franks, less discount, on april 10

See explanation section.

Explanation:

Moloney Meat Distributors

Journal Entries

Particulars Debit($) Credit($)

April - 1 Accounts Receivable 2,100

Sales Revenue 2,100

(Assuming it is periodical, we need not show cost of goods sold journal. Since the payment is within the discount period, there will be a separate journal entry is needed. However, a compound journal entry can illustrate the answer.)

April - 10 Sales Discount 21

Accounts Receivables 21

(1/10, n/30 means the buyer will get a 1% discount, if he pays within 10 days, however, the buyer has to pay within 30 days.

As the payment is made within the discount period, the buyer receives the discount).

April - 10 Cash 2,079

Accounts Receivables 2,079

(as the buyer gets the rebate, he will pay (2100 - 21=2,079 during the date of payment).

steering wheels are always situated on the left side of the car.

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hashed or broken lines means you may change lanes when it is safe.

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hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

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use the left lane to pass other cars traveling your direction.

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it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

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explanation:

answer; bootstrapping is your answer;