Merchandise with a sales price of

$5,000

is sold on account with terms

(2)/(10),(n)/(30)

. The entry to journalize the sale under the net method would include a\ a. debit to Accounts Receivable for

$4,880

\ b. debit to Customer Refunds Payable for

$100

\ c. debit to Cash for

$5,000

\ d. credit to Sales for

$4,900

Merchandise with a sales price of $5,000 is sold on account with terms 2/10,n/30. The entry to journalize the sale under the net method would include a a. debit to Accounts Receivable for $4,880 b. debit to Customer Refunds Payable for $100 c. debit to Cash for $5,000 d. credit to Sales for $4,900