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Merchandise with a sales price of $10,600 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a

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Merchandise with a sales price of $10,600 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a O Debit to Accounts Receivable for $10,600 Debit to Customer Refunds Payable for $212 Credit to Sales for $10,388 Debit to Cash for $10,600

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