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Which of the following does not correctly describe the effect of a journal entry involving the recording of a credit card discount? Multiple Choice Net

Which of the following does not correctly describe the effect of a journal entry involving the recording of a credit card discount?

Multiple Choice

Net sales decrease, operating expenses increase, and net income remains the same.

Net sales decrease and gross profit decreases.

Operating expenses remain the same and net income decreases.

Net sales decrease and net income decreases.

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