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QUESTION 25 BC Inc. made a $50,000 sale on account with the following terms: 3/10, n/30. If the company uses the net method to record
QUESTION 25 BC Inc. made a $50,000 sale on account with the following terms: 3/10, n/30. If the company uses the net method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale? Debit Accounts Receivable for $50,000. Debit Accounts Receivable for $50,000 and Sales Discounts for $1,500. Debit Accounts Receivable for $48,500. Debit Accounts Receivable for $24,500 and Sales Discounts for $500.
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