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QUESTION 1 A credit sale of $2,500, terms 1/20, n/30, should be recorded with which of the following journal entries? _IR DR_ 2,475 1,475 125

QUESTION 1 A credit sale of $2,500, terms 1/20, n/30, should be recorded with which of the following journal entries? _IR DR_ 2,475 1,475 125 2,475 12,500 Trade receivables Sales revenue Allowance for discounts Accounts receivable Sales revenues Trade receivables Sales revenue Trade receivables Sales revenue Sales discount Choice B U 2,500 2,500 2,500 12,475 Choice D Choice A Choice C

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