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Oriole Retail sold merchandise for $900 subject to credit terms of 2/10, n/30. Which one of the following is part of the journal entry made
Oriole Retail sold merchandise for $900 subject to credit terms of 2/10, n/30. Which one of the following is part of the journal entry made by Oriole Retail to record the collection in full within the discount period in a perpetual inventory system? Debit to Sales Discounts for $18 Credit to Inventory for $18 Debit to Cash for $918 Credit to Accounts Receivable for $918
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