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Forever Jewelers uses the perpetual inventory system. On April2, Forever sold merchandise with a cost of $1500 for $6,000 to a customer on account with

Forever Jewelers uses the perpetual inventory system. On April2, Forever sold merchandise with a cost of $1500 for $6,000 to a customer on account with terms of 5

5/15, n/30. Which of the following journal entries correctly records the salesrevenue?

Accounts Receivable 5700

Sales Revenue 5700

Sales Revenue 5700

Accounts Receivable 5700

Sales Revenue 5700

Cost of Goods Sold 5700

Accounts Receivable 1500

Sales Revenue 1500

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