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Clark Corporation uses the periodic inventory system. Clark Corporation sells merchandise on account for $10,000 with terms 2/10, n/30. The merchandise had cost Clark Corporation

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Clark Corporation uses the periodic inventory system. Clark Corporation sells merchandise on account for $10,000 with terms 2/10, n/30. The merchandise had cost Clark Corporation $6,000. How would Clark Corporation record the sale of this merchandise? It would record two journal-entries. Debit accounts receivable for $9,800; credit sales revenue for $9,800. Debit cost of goods sold for $6,000; credit inventory for $6,000. Debit accounts receivable for $9,800: credit sales revenue for $9,800. It would record two journal-entries. Debit accounts receivable for $10,000; credit sales revenue for $10,000. Debit cost of goods sold for $6,000; credit inventory for $6,000. None of these Debit accounts receivable for $10,000; credit sales revenue for $10,000

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