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D Question 28 On February 2, ABC sold $8,500 of merchandise inventory on account, terms 2/10,n/30. Select the option that best represents how ABC
D Question 28 On February 2, ABC sold $8,500 of merchandise inventory on account, terms 2/10,n/30. Select the option that best represents how ABC would record receipt of payment if received on February 10. Account Cash Option A Sales Discount DR CR 8,330 170 Accounts Receivable 8,500 Account DR CR Accounts Receivable 8,330 Option B Sales Discount 170 Cash 8,500 Account DR CR Accounts Receivable 8,330 Option C Cash 8,330 Account DR CR 8,330 170 8,500 Cash Option D Inventory Accounts Receivable Option E None of the Above Option A O Option B O Option C
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