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Home Q & A Board Other Fields Homework Help Business Accounting
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blazingferrai blazingferrai
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5 years ago
Fraxon Inc. made a $10,000 sale on account with terms: of 1/15, n/30. If the company uses the gross method, which of the following will be included in the journal entry to record customer payment within the discount period?
A) credit Accounts Receivable $10,000
B) credit Sales Discount $100
C) credit Sales Revenue $10,000
D) credit Cash $9900
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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ItsMackeeeyItsMackeeey
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blazingferrai Author
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5 years ago
Happy Dummy I'm impressed
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