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Cain Company offers its customers a 2% volume discount if they purchase at least $600,000 of its products during the calendar year. On May 31,
Cain Company offers its customers a 2% volume discount if they purchase at least $600,000 of its products during the calendar year. On May 31, 2020, Cain Company has made sales of $400,000 to kao Co. In the previous two years, Cain Company has made sales of an average of $800,000 to Kao Co. in the period June 1 to December 31. Which of the following will be part of a correct entry by Cain Company on May 31, 2020? Credit to Sales Revenue for $392.000.. Credit to Sales Revenue for $588.000 Credit to Sales Revenue for $400,000 Debit Sales Revenue for $400.000
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