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On August 1, Party Hearty Company sold merchandise on credit with a list price of $6,300. Terms were 2/10, n/30. Which of the following entries

On August 1, Party Hearty Company sold merchandise on credit with a list price of $6,300. Terms were 2/10, n/30. Which of the following entries correctly applies the indicated method to receive the appropriate customer payment on August 15?

Net Price MethodCash6,174Accounts Receivable6,174

Gross Price MethodCash6,300Sales Revenue126Accounts Receivable6,174

Gross Price MethodCash6,300Accounts Receivable6,300

Net Price MethodCash6,174Sales Revenue126Accounts Receivable6,300

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