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Use the following information to answer questions 22 and 23. Smart Company had the following transactions for the month of September September 12 Sold $4,300

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Use the following information to answer questions 22 and 23. Smart Company had the following transactions for the month of September September 12 Sold $4,300 of merchandise on account to L Tisdale, terms 3/10, net 30. The cost of the Items sold is $2.970 September 20 Received the balance due from L Tisdale The journal entry or entries that Smart will make on September 12 is: Debit Accounts Receivable 54,300, credit Sales Revenue $4,300, no other entries are needed Debit Accounts Receivable $1,330, credit Sales Revenue $1,330; no other entries are needed. Debit Accounts Receivable $4,300; credit Sales Revenue 54,300 AND debit Cost of Goods Sold $2,970, credit Inventory $2,970. Debit Sales Revenue 54,300, credit Accounts Receivable $4,300 AND debit Inventory $2,970 Credit Cost of Goods Sold $2,970. > Question 23 3 pts The journal entry that Smart makes on September 20 is: Debit Accounts Receivable 54 300, credit Inventory S129 and credit Cash $4,171 Debit Cash 54429. credit Sales Discounts $129, and credit Accounts Receivable $4,300 Debit Cash $4300: credit Accounts Receivable $4300 Debit Cash 54.171 debit Sales Discounts 5129 and credit Accounts Receivable 54 300

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