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Orange Ag Supply Inc. sold materials to a customer for $8,000 with credit terms 2/10,n/30 on November 10 of the current year. Orange uses the
Orange Ag Supply Inc. sold materials to a customer for $8,000 with credit terms 2/10,n/30 on November 10 of the current year. Orange uses the net method of accounting for sales discounts. What entry would Orange make on November 17, assuming the correct payment was received on that date? Cash Sales discounts Accounts receivable Sales Cash Sales discounts Accounts receivable Cash Accounts recelvable 8,000 160 8,000 160 7.840 160 8,000 7,840 7,840 7.840
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