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Riyadh Company sold goods worth SR100,000 on credit. Cash discount is 5% if settled within 10 days since the invoice date. The company felt the
Riyadh Company sold goods worth SR100,000 on credit. Cash discount is 5% if settled within 10 days since the invoice date. The company felt the discount would NOT be taken. However, the customer accepted the discount and paid in 8 days after the invoice date. Riyadh Company journal entry for the cash receipt will be
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