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Morg Inc. made a 25,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales made
Morg Inc. made a 25,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales made on credit, what is/are the debits in the journal entry to record the sale?
a)Debit Account Receivable for 24750 and sales discounts for 250
b)Debit Account Receivable for 25000 and sales discounts for 250.
c)Debit Accounts Receivable for 24750
d)Debit Account Receivable for 25000
Please only answer if you are sure the answer is correct.
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