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Which One of the Entries Below would be Included in the Journal Entry to record the following Business Transactions; Our Business made a Sale of

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Which One of the Entries Below would be Included in the Journal Entry to record the following Business Transactions; Our Business made a Sale of Goods for $100,000 to a Customer for Cash. The Cost of the Goods were $40,000. We gave the Customer a Discount of $2,000. The Customer Paid us Cash Less the Discount. Debit to Inventory for $40,000 Debit to Cash for $100,000 Credit to Sales Discounts for $2,000 Credit to Sales Revenues for $98,000 Debit to Cash for $98,000 Credit to Cost of Goods Sold for $40,000 Gross Profit Less Operating Expenses Equals Income Before Taxes. True False

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