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Q 5.30: On August 1st, Tiny Tim's Toys Inc. sells $5,000 of inventory on account to Kid's Toys Corp. The term were 5/10, 1/30. Journalize

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Q 5.30: On August 1st, Tiny Tim's Toys Inc. sells $5,000 of inventory on account to Kid's Toys Corp. The term were 5/10, 1/30. Journalize the entry for Tiny Tim's if Kid's Toys pays the invoice in full on August 6th. $5,250 A Cash Accounts Receivable Sales Discounts $5,000 250 B Cash Sales Discounts Accounts Receivable $4,750 250 $5,000 $4,750 Cash Accounts Receivable $5,000 $4,750 Cash Accounts Recevable $5,000

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