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answer both parts of question! thanks Sales Discounts is a account with a normal balance. Contra-asset; debit. Contra-revenue; credit. Contra-asset; credit O Contra-revenue; debit. Inventory

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Sales Discounts is a account with a normal balance. Contra-asset; debit. Contra-revenue; credit. Contra-asset; credit O Contra-revenue; debit. Inventory costing $3,000 is sold for $4,000 with terms 3/10,n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales? $2.910 $4,000 $1.000 $3,880

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