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O Exit Submit On September 12, Ryan Company sold merchandise in the amount of $9,400 to Johnson Company, with credit terms of 2/10, n/30. The

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O Exit Submit On September 12, Ryan Company sold merchandise in the amount of $9,400 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5,800. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is: Multiple Choice Cash Accounts receivable 9,400 9,400 5,800 Cash Accounts receivable 5,800 Cash Sales discounts Accounts receivable 5,684 116 5,800 9,212 Cash Accounts receivable 9,212 Cash Sales discounts Accounts receivable 9,212 188

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