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Coronado Industries made a $26000 sale on account with the following terms: 3/10, n/30. If the company uses the net method to record sales made
Coronado Industries made a $26000 sale on account with the following terms: 3/10, n/30. If the company uses the net method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale?
Debit Accounts Receivable for $26000 and Sales Discounts for $780.
Debit Accounts Receivable for $25220 and Sales Discounts for $780.
Debit Accounts Receivable for $26000.
Debit Accounts Receivable for $25220.
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