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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 4/10, 30. On December
On December 1, Macy Company sold merchandise with a selling price of $10,000 on account to Mrs Jorgensen, with terms 4/10, 30. On December 3, Mrs. Jorgensen returned merchandise with a selling price of $700 Mrs. Jorgensen paid the amount due on December 9. What journal entry did Macy Company prepare on December 9 assuming the gross method is used? OA Debit Sales Revenue for $8,928, debit Sales Discounts for $372, and credit Accounts Receivable-Mes Jorgensen for $9.300 OB. Debit Cash for $8,928 debit Sales Discounts for $372, and credit Accounts Receivable-Mrs. Jorgensen for $9.300 OC. Debit Sales Revenue for $9,300, credit Sales Discount for $372 and credit Cash for $8.028 OD Debit Cash for $8.928 and credit Accounts Receivable-Mrs Jorgensen for $8.928
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