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On April 1, Brown Company sells goods on credit to Stone Company for $6,000, terms 1/10, n/30. Brown receives payment on April 27. The entry

On April 1, Brown Company sells goods on credit to Stone Company for $6,000, terms 1/10, n/30. Brown receives payment on April 27. The entry by Brown on April 27 is:

a. Cash....................................................................................... 6,000

Accounts Receivable.................................................... 6,000

b. Cash....................................................................................... 6,000

Sales Discounts............................................................ 60

Accounts Receivable.................................................... 5,940

c. Cash....................................................................................... 5,940

Sales Discounts..................................................................... 60

Accounts Receivable.................................................... 6,000

d. Cash....................................................................................... 6,060

Sales Discounts............................................................ 60

Accounts Receivable.................................................... 6,000

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