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Calculator Merchandise with a sales price of $12,300 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include

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Calculator Merchandise with a sales price of $12,300 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a Oa. credit to Sales for $12,054 Ob. debit to Cash for $12,300 Oc debit to Customer Refunds Payable for $246 Od debit to Accounts Receivable for $12,300

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