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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

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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 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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