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Posted on Jul 20, 2024

Merchandise with a sales price of $5,200 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a

a. debit to Sales Discounts for $104

b. debit to Cash for $5,200

c. credit to Sales for $5,096

d. debit to Accounts Receivable for $5,076

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