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QUESTION 2 On October 9, Henry Company sells goods on credit to Addy Company for $7,000, terms 1/10, n/60. Henry receives payment on October
QUESTION 2 On October 9, Henry Company sells goods on credit to Addy Company for $7,000, terms 1/10, n/60. Henry receives payment on October 18. The entry by Henry on October 18 is: OA. Cash 7.070 Sales Discounts 70 Accounts Receivable 7.000 OB. Cash 7,000 Accounts Receivable 7,000 OC. Cash 7.000 Sales Discounts 70 Accounts Receivable 6.930 OD. Cash 6,930 Sales Discounts 70 Accounts Receivable 7,000
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