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Posted on Sep 01, 2024

Merchandise with a sales price of $4,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a

a.debit to Cash for $4,000

b.debit to Sales Discounts for $80

c.credit to Sales for $3,920

d.debit to Accounts Receivable for $3,900

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