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Posted on Jul 31, 2024

Merchandise with a sales price of $4,900 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a

a.debit to Customer Refunds Payable for $98

b.debit to Accounts Receivable for $4,900

c.credit to Sales for $4,802

d.debit to Cash for $4,900

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