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Merchandise with a sales price of $7,400 is sold on account with terms 2/10, n/30. The entry to journalize the sale under the net

Merchandise with a sales price of $7,400 is sold on account with terms 2/10, n/30. The entry to journalize the sale under the net method would include a Oa. debit to Customer Refunds Payable for $148 Ob. credit to Sales for $7,252 Oc. debit to Cash for $7,400 Od. debit to Accounts Receivable for $7,400

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