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On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Cherokee uses the net
On November 10 of the current year, Cherokee Industries sold materials to a customer for $8,000 with credit terms 2/10, n/30. Cherokee uses the net method of accounting for sales discounts. What entry would Cherokee make on November 10? Multiple Choice 8,000 Accounts receivable Sales 8,000 8,000 Accounts receivable Sales discounts Sales 160 7,840 Accounts receivable Sales discounts Sales 7,840 160 8,000 7,840 Accounts receivable Sales 7,840
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