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On November 10 of the current year, Flores Mills sold carpet to a customer for $7,300 with credit terms 4/10,n/30. Flores uses the gross method

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On November 10 of the current year, Flores Mills sold carpet to a customer for $7,300 with credit terms 4/10,n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? Multiple Choice Cash Sales discounts Accounts receivable Sales 7,300 292 7,300 292 Cash Sales Accounts receivable 7,008 292 7,300 Cash Accounts receivable 7,008 12,008 Cash Sales discounts Accounts receivable Sales 7,300 292 7,300 292 Cash Sales Accounts receivable 7,008 292 7,300 7,008 Cash Accounts receivable 7,008 Cash Sales discounts Accounts receivable 7,008 292 7,300

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