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On November 10 of the current year, Flores Mills sold carpet to a customer for $8,900 with credit terms 2/10, n/30. Flores uses the
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,900 with credit terms 2/10, n/30. Flores uses the net method of accounting for sales discounts. The correct entry for Flores on November 10 would include a debit to: a. Sales Discounts for $178 b. Accounts Receivable for $8,722 c. Accounts Receivable for $8,900 d. Sales Revenue for $8,900
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