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On December 1, Macy Company sold merchandise with a selling price of $10,000 on account to Mrs. Jorgensen, with terms 5/10, 1/30. On December 3,

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On December 1, Macy Company sold merchandise with a selling price of $10,000 on account to Mrs. Jorgensen, with terms 5/10, 1/30. On December 3, Mrs Jongens returned me orice of $800. Mrs. Jorgensen paid the amount due on December 9. Who journal entry did Macy Company prepare on December 9 uuring the grous method is used Debit Cash for $8740, debit Sales Discounts for $460, and credit Accounts Receivable for $9200 Debit Sales Revenue for $9200, credit Sales Discount for $460 and credit Cash for $8740 Debit Sales Revenue for $8740, debit Sales Discounts for $460, and credit Accounts Receivable for $9200 Debit Cash for $8740 and credit Accounts Receivable for $8740

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