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A merchandiser received payment in full within the discount period on a $5,000 sales invoice, terms 2/15 n/30. The journal entry would include a: A.
A merchandiser received payment in full within the discount period on a $5,000 sales invoice, terms 2/15 n/30. The journal entry would include a: A. credit to Sales Discounts for $100. B. credit to Accounts Receivable for $4,900. C. debit to Cash for $5,000. D. credit to Accounts Receivable for $5,000
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Accounting In A Business Context Teachers Guide
Authors: A. Berry
1st Edition
0412587505, 978-0412587504
