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Mohawk Industries is an American flooring manufacturer based in Calhoun, Georgia. Mohawk produces floor covering products for residential and commercial applications. On November 10
Mohawk Industries is an American flooring manufacturer based in Calhoun, Georgia. Mohawk produces floor covering products for residential and commercial applications. On November 10 of the current year, Mohawk sold tiles to a customer for $7,200 with credit terms 3/10, n/30. Mohawk uses, like many companies, the gross method of accounting for sales discounts. Please answer: what is the correct entry for Mohawk on November 10? Multiple Choice Account Title Debit Credit Accounts receivable 6,984 Sales discounts 216 Sales 7,200 Account Title: Debit Credit Accounts receivable: 7,200 Sales 7,200 Account Title Debit 7,200 Accounts receivable. Sales discounts Sales Credit 216 6,984 Submi @ Q Q O
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