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Question 14 Assume the art Company, which has a periodic Inventory system uses the net method to record its sales. On May 6.2020. the Comparty

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Question 14 Assume the art Company, which has a periodic Inventory system uses the net method to record its sales. On May 6.2020. the Comparty sold 545.000 (gross amount of merchandise on credit to the Trombone Company with the terms 1/10.30 on May 14.2020 the Trombone Company returned merchandise of $2,000 (gross amount). The Jazz Company properly recorded the May 6, 2020 and May 14, 2020 transactions. On May 27, 2020, the Jazz Company received the amount due. Which of the following would be part of the Jazz Company's May 27 2020 journal entry to record the cash receipt? Acredit to Accounts Receivable for $43.000 Acredit to Sales Discounts Forfeited for $1,350 Adebit to Cash for $43.000 Adebit to Cash for 541710 MacBook Pro Question 13 2 pts a company offers a customer who purchases merchandise inventory, a discount to induce the customer to pay the amount om this is known as a/an: incentive discount. trade discount nominal discount cash discount Question 14 MacBook Pro

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