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Webb Manufacturing sold $2,000 of goods to a customer and has offered a 5% discount if full payment is made within 10 days. Otherwise, the
Webb Manufacturing sold $2,000 of goods to a customer and has offered a 5% discount if full payment is made within 10 days. Otherwise, the customer has 60 days to pay the full price for the shipment. If the customer provides Webb with full payment within seven days, which of the following journal entries would be incorrect to record the payment? Cash Cash Sales Discounts Cash Cost of Goods Sold Accounts Receivable Accounts Receivable Accounts Receivable O All of the entries shown are correct. 1,900 1,900 100 1,900 100 1,900 2,000 2,000
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