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Merchandise with a sales price of $4,400 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 $4,400 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a Credit to Sales for $4,312 Debit to Customer Refunds Payable for $88 Debit to Cash for $4,400 Debit to Accounts Receivable for $4,400

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