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6 saved -ut of on Vegg Company sold inventory on account with credit terms 2/10, n/30 on May 2. The goods had a cost
6 saved -ut of on Vegg Company sold inventory on account with credit terms 2/10, n/30 on May 2. The goods had a cost of $600 and a selling price of $1,000. The company uses a perpetual inventory system. On May 4, the buyer was granted a $200 allowance by Vegg because the goods did not meet specifications. If the balance is paid in full on May 11, Vegg's journal entry will include O a. a debit to Cash for $800. O b. a credit to Inventory for $16. c. a credit to Accounts Receivable for $800. O d. a debit to Sales Discounts for $200. Clear my choice 10 Finish attempt... Next page
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