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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?

A)Gross Price Method
Cash 6,300
Accounts Receivable 6,300

B)Net Price Method
Cash 6,174
Sales Revenue 126
Accounts Receivable 6,300

C)Gross Price Method
Cash 6,300
Sales Revenue 126
Accounts Receivable 6,174

D)Net Price Method
Cash 6,174
Accounts Receivable 6,174

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