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Orange Co. sold Red Co. merchandise on account FOB shipping point, 1/10, net 30, for $8,739. Orange Co. prepaid the $201 shipping charge. Using the

Orange Co. sold Red Co. merchandise on account FOB shipping point, 1/10, net 30, for $8,739. Orange Co. prepaid the $201 shipping charge. Using the perpetual inventory method, which of the following entries will Red Co. make if Red Co. pays within the discount period?

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