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Gamma Company made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales
Gamma Company made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale? O Debit Accounts Receivable for $25,000 Debit Notes Receivable for $25,000 and credit Discount on Notes Receivable for $250 O Debit Accounts Receivable for $24,750 and Sales Discount for $250 O Debit Accounts Receivable for $24,750
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