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Question 7 2.5 Puzzle Company sold merchandise on credit with a list price of $75,000. Terms were 3/10,n/30. Which of the following entries correctly applies

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Question 7 2.5 Puzzle Company sold merchandise on credit with a list price of $75,000. Terms were 3/10,n/30. Which of the following entries correctly applies the indicated method to record the sale? Net Price Method: Debit Accounts Receivable 72,750 : Credit Sales 72.750 Gross Price Method: Debit Accounts Receivable 72,000 : Credit Sales 72,000 Gross Price Method: Debit Accounts Receivable 72.750; Credit Sales 72.750 Net Price Method: Debit Accounts Receivable 75.000 : Credit Sales 75,000

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