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A customer pays his $1,000 invoice 5 days after receiving it. Terms were 1/5, n/20. What would be recorded in the cash receipt journal? Debit

A customer pays his $1,000 invoice 5 days after receiving it. Terms were 1/5, n/20. What would be recorded in the cash receipt journal? Debit to cash $990 Credit to sales discount $10 Credit to sales revenue $1,000 Debit to sales revenue $10

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