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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?

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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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