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On March 12, 2019, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for OR10,000, subject to terms 2/10, n30. Admiral uses the gross
On March 12, 2019, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for OR10,000, subject to terms 2/10, n30. Admiral uses the gross method of accounting for sales discounts. The journal entry to record the sale is: Select one: a. Cash 10,000 Sales revenue 10,000 b. Accounts receivable 10,000 Sales revenue 10,000 10,000 Cash c. Accounts receivable 10,000 d. Cash 10,000 10,000 Accounts receivable O
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