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31. On December 1, Macy Company sold merchandise with a selling price of $1,000 on account to Mrs. Jorgensen, with terms 2/10, n/30. Ignoring Cost
31. On December 1, Macy Company sold merchandise with a selling price of $1,000 on account to Mrs. Jorgensen, with terms 2/10, n/30. Ignoring Cost of Goods Sold, what journal entry did Macy Company prepare on December 1?
Group of answer choices
C) Debit Accounts Receivable for $1,000 and credit Sales Revenue for $1,000.
D) Debit Sales Revenue for $1,000 and credit Accounts Receivable for $1,000.
A) Debit Cash for $1,000 and credit Accounts Receivable for $1,000
B) Debit Accounts Receivable for $1,000 and credit Cash for $1,000.
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