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QUESTION 9 Record the following transactions for Verbatim Company. 1. On August 4, Verbatim sold merchandise on account to Reedy Company for $450, terms 2/10,
QUESTION 9 Record the following transactions for Verbatim Company. 1. On August 4, Verbatim sold merchandise on account to Reedy Company for $450, terms 2/10, 1/30. 2. On August 7, Verbatim granted Reedy a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged. 3. On August 12, Reedy paid the account in full. How much is the amount of sales discount (if any) 1 A. $ 8 B. $9 C. $ 40 D. $ Zero (No sales discount)
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