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QUESTION 10 25 Merchandise with a sales price of $1,000 is sold on account with term 2/10, 1/30. The cost of merchandise sold was $450.

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QUESTION 10 25 Merchandise with a sales price of $1,000 is sold on account with term 2/10, 1/30. The cost of merchandise sold was $450. The journal entry to record the expense of the sale would include a O debit Cash for $1,000 O credit to Sales for $980 O debit to Cost of Merchandise Sold for $450 debit to Accounts Receivable for $1000

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